Economy
ThriveAgric Marketplace Offers Farmers Access to Cheap Farming Tools
By Aduragbemi Omiyale
A platform for farmers in Nigeria to access quality and cheap farming tools and inputs like seeds, fertilizer, crop protection products, grains, and water pumps has been created by a fast-growing technology-driven agricultural company, ThriveAgric.
The initiative, ThriveAgric Marketplace, established under its new strategy of Farmer Obsession, will increase local food production, boost aggregation of farm produce in high demand, and enable access to premium markets through trade and supply domestic and global off-takers.
This year alone, the ThriveAgric Marketplace, with more than 500 warehouses spread across 20 states in Nigeria, has aggregated and supplied over 100,000 metric tonnes of soybeans, paddy rice, maize, sorghum, millet, and wheat, to the Nigeria Commodity Exchange (NCX), Flour Mills of Nigeria, Gerawa Rice Mills Ltd, Amo Byng Nig. Ltd, Leboil Ltd, Salco Ltd, ASM Nig. Ltd, Falke Oil, and more. The company has also collaborated with the Flour Milling Association of Nigeria (FMAN) to drive import substitutions by funding 10,000 wheat farmers in the 2021 dry season.
Commenting on the initiative and new strategy, Chief Executive Officer, ThriveAgric, Mr Uka Eje, expressed the company’s desire to transform African agricultural infrastructures.
He said: “In recent times, experts argue that agricultural production in Sub-Saharan Africa remains lower than the rest of the world due to limiting regulations, climate, soil quality, disease, and reliance on subsistence farming. Yet, in time past, our continent boasted of thriving agricultural systems which enabled food production and security.”
“At ThriveAgric, we aim to overthrow this current trend and rebuild Africa’s agricultural systems through our new strategy and attendant initiatives which will encourage scale by positioning our smallholder farmers to derive more value for their efforts. In the long term, this will contribute to the sustainable growth of Africa’s agricultural sector and support food security, manufacturing, and trade,” he added.
In barely four years of operations, ThriveAgric has used its proprietary technology, an Agricultural Operating System (AOS), to empower over 350,000 smallholder farmers in Nigeria to increase their yield and income by selling their products to FMCGs and food processors.
The company has provided farmers with over 150,000 tonnes of fertilizers and seeds in loans, produced & traded up to 800,000MT of grains, impacted 2,600+ communities, created 9000+ jobs, and has over 500 warehouses across Nigeria.
The company’s VP, Commercial, Adetoro Akindele, said, “ThriveAgric has identified a huge gap in our agriculture sector and has begun to provide necessary & expedient solutions for Nigerians and Africa as a whole, particularly with skyrocketing food prices.
“Towards implementing these solutions, we will continue to seek avenues to achieve our organisational objectives and grow through vertical and horizontal integration.
“Our vision is to build an Africa that feeds itself and the world, and it is well within reach with the right support and financial backing. The agriculture industry has so much to offer.”
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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