Economy
World Bank Lauds Ogun’s Agric Development Drive
By Modupe Gbadeyanka
The industrialisation and agricultural development drive of the Ogun State government has been commended by the World Bank.
The bank gave the commendation during a meeting with officials of the government in continuation of its assessment tour of the state, pledging to further support the Mr Ibikunle Amosun administration’s development agenda.
Leader of the team, Mr Kofi Nouve, who described Ogun State as one of the leading states in terms of promoting agriculture and industrialisation in Nigeria, said that the purpose of the visit was to assess the state government’s projects and explore areas of financial and technically support.
According to him, the move to partner with the state government, started about a year ago, with visits to farmlands and industries in the state, with a focus to assist in reducing poverty, through creation of more vocational skills for the youths.
“This is the fourth assessment visit to the state, to look at the development plans of the government, particularly in agriculture, industrialisation and vocational skills. The World Bank is partnering Ogun state’s development agenda, because we know that agricultural production and industrialisation are crucial.
“This, I can say, is a unique opportunity for the state government, because we are out to make investment productive by creating job opportunities, towards enhancing the diversification of the state’s economy,” Mr Nouve stated.
He added that the bank would also interface with the Ministries of Education, Agriculture and Commerce, in order to identify likely gaps and provide vocational training for the youths.
Earlier, Commissioner for Budget and Planning, Ms Aderenle Adesina, declared that the Gateway State is engaging the World Bank for budget support, adding that the bank would assess the development plan of the state, her budget and see how it could assist in funding the state’s projects, emphasising that attention would be focused on agricultural production, industrialisation and vocational skills
She said that the state needed the support of the bank to explore its agricultural resources to the optimum, develop the industries, considering the land space and nearness to the market and ensure that the citizens acquire the needed skills in order to be employed in the sectors.
“The state government needs the budget support in line with best global practices, that would take the state to greater heights. This meeting is not to impress the World Bank, but to access where we are, be open about where we are, to identify where we need to be, present our potentials and see where we needed assistance” the commissioner added
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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