Economy
VikingGenetics, Arla Partner to Increase Cows’ Milk Yield in Nigeria
By Modupe Gbadeyanka
An exclusive genetics partnership has been entered between VikingGenetics and Arla Foods to help meet Nigeria’s growing demand for dairy commodities.
The deal will allow Arla, which launched its dairy farm in Kaduna State recently, to use 100 per cent X-Vik sexed semen from VikingGenetics bulls in the herd.
By exclusively using sexed semen, the outcome will be even more VikingHolstein heifer calves to expand the herd. In the near future, heifers could also be sold to other farmers in Nigeria for them to benefit local production further.
“Arla aims to increase the cows’ milk yield, and introducing Nordic cattle genetics into the Nigerian market can unlock much of the untapped potential in the country’s dairy industry,” the Export Manager for VikingGenetics, Mr Seppo Niskanen, said, adding that, “Together, Arla, VikingGenetics, and Livestock Genetics of Africa have selected the right bulls to achieve this.”
Ahead of unveiling its new farm in Kaduna on May 26, 2023, VikingLivestock imported 216 Danish VikingHolstein heifers on May 9.
The heifers, which will be inseminated with 100 per cent sexed semen from VikingGenetics bulls, are housed at a brand-new facility focused on animal welfare and house up to 750 dairy cows.
The cows were brought into the country to help meet the growing demand for milk.
Nigeria has one of the fastest-growing populations in the world, putting pressure on food producers’ ability to meet the demand of nearly 40 per cent of the current market for milk and milk products.
“VikingGenetics is honoured to support Nigeria’s agricultural growth and is eager to participate in this long-term partnership. We are delighted to bring our robust and healthy Nordic dairy cattle genetics to Nigeria,” the CEO of VikingGenetics, Louise Helmer, said.
“With a daily production of 30 to 40 litres of milk, VikingGenetics’ breeds can benefit areas where farmers experience average yields of 1-2 litres daily. Helmer added that this would greatly help farmers and their communities, increase yields, boost income, and enhance access to nutritious food,” Helmer added.
It was gathered that this collaboration would involve the delivery of livestock, semen, and expert advice, ensuring that Arla and the Nigerian farmers receive a complete, ready-made solution.
This provides the farm with high-quality genetics and animals with high milk yields that will support dairy production in Nigeria for years.
“With this project, we share our knowledge, create an economically viable off-take market for local milk and show a way for the future of Nigerian dairy farming,” Arla Farm Manager, Snorri Sigurdsson, stated.
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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