Economy
Ogbeh Impressed With $10m Ginger Farm in Kaduna
By Dipo Olowookere
Minister of Agriculture and Rural Development, Mr Audu Ogbeh, has expressed satisfaction with the $10 million ginger farm located in Rijana, Kachia Local Government Area of Kaduna State.
Speaking during a visit to the farm recently, the Minister said he was impressed with the farm and the export earning potential.
He promised that Federal Government will continue to support investors in the agricultural sector.
“It is exciting to see what is on ground here, $10 million worth of ginger cultivated and almost ready for harvest. We are happy about this and we encourage more investors to come into this sector.” Mr Ogbeh said.
The farm, sitting on 1000 hectares land spreading over 7km with 700 hectares of cultivated ginger roots and seeds, is a beneficiary of the Federal Government’s Commercial Agriculture Credit Scheme being implemented through the Central Bank of Nigeria (CBN).
With 36,000 Metric tonnes capacity storage silos, 30 tonnes per/ha harvest estimate and a selling price of $700 per tonne in the export market, owner of the farm, Mr Kashim Imaam, informed the Minister that, “We already have demands for our ginger from markets in India, China, Netherlands and Dubai that will off-take all our produce when we harvest in January next year.
“We have engaged 1000 workers on this farm, 400 of whom are women. We want to create an incubation centre here to train 1000 young school leavers from the different geo-political zones and empower them as entrepreneurs.
“We solicit government’s support with mechanization in the areas of cleaning, harvesting, slicing and drying machines.”
The Minister was accompanied to the farm by the Director, Agribusiness and Marketing, Federal Ministry of Agriculture and Rural Development, Mr Musibau Azeez; former Governor of Benue State, Mr George Akume; among others.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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