Economy
Prices of Tomato, Rice, Vegetable Oil, Others Record Marginal Increase
By Aduragbemi Omiyale
In September 2022, the price of 1kg of tomato increased by 3.29 per cent to N445 from the preceding month’s N431, data from the National Bureau of Statistics (NBS) has shown.
in the Selected Food Price Watch of the agency for September 2022, it was disclosed that on a year-on-year basis, the price skyrocketed by 30.06 per cent to N445 from N342 reported in the same period of last year.
In the report, it was stated that last month, there was a 2.52 per cent month-on-month rise in the average price of one bottle of vegetable oil to N1,076 from N1,050 in August 2022 and a 32.35 per cent y-o-y increase from NN813 in September 2021.
Also, the average price of 1kg of local rice jumped by 3.82 per cent m-o-m to N471 in September 2022 and rose by 14.98 per cent y-o-y from N410 in September 2021.
Furthermore, the average price of 1kg of brown beans rose on a year-on-year basis by 13.14 per cent from N492 in September 2021 to N557 in September 2022 and on a month-on-month basis by 2.05 per cent from N546 in August 2022.
Similarly, the average price of 1kg of boneless beef increased by 24.39 per cent on a year-on-year basis from N1,768 in September 2021 to N2,199 in September 2022.
At the state level, the highest average price of local rice was recorded in Rivers at N622, while the lowest was recorded in Jigawa at N371. Further, Ebonyi recorded the highest average price of brown beans at N857, while the lowest was reported in Benue at N368.21. In addition, Abia recorded the highest price of vegetable oil at N1,464, while Benue recorded the lowest at N644.
Analysis by zone showed that the average price of 1kg tomato was higher in the South-South and South-East at N711 and N643, respectively, while the lowest was recorded in the North-East at N209, with the South-South recording the highest average price of 1kg of local rice at N519, followed by the South-West at N514, while the lowest was recorded in the North-West at N417.
Similarly, the South-East recorded the highest average price of brown beans at N790, followed by the South-South at N673, while the North-East recorded the least at N397.
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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn