Economy
CBN Lowers Treasury Bills Rates at Primary Market
By Dipo Olowookere
The Central Bank of Nigeria (CBN) on Wednesday conducted the last Primary Market Auction (PMA) for the month of November.
During the exercise, the apex bank offered N150.6 billion worth of the debt instruments to investors in the usual three tenors.
A total of N22.73 billion worth of the 91-day bill, N24.80 billion worth of the 182-day note and N103.07 billion worth of the 364-day paper were auctioned to market players yesterday.
It was observed that all the bills were oversubscribed with offers valued at N272.05 billion received from interested investors. The apex bank eventually sold N150.6 billion worth of the treasury bills at the end of the auction.
However, the stop rates were lowered by the central bank for the 91-day and 182-day bills by 0.05 percent and 0.06 percent respectively, while the stop rate for the one-year was left unchanged.
The CBN, which received subscriptions worth N24.52 billion for the 91-day bill, alloted N24.37 billion of the paper at 10.90 percent.
For the 182-day note, N45.33 billion worth of subscriptions were received, with the apex bank selling N23.18 billion at 13.10 percent, while offers valued at N202.20 billion were received for the 12-month paper, with the central bank allotting N103.07 billion of the bill at 14.45 percent.
Business Post reports that Wednesday’s PMA left the secondary treasury bills market very mute because attention was mainly focused on the exercise.
“We expect the T-bills market to trade with bearish sentiments tomorrow, as the CBN is expected to float an OMO auction to counter maturing OMO bills,” Zedcrest Research said.
Meanwhile, despite the scarcity of liquidity in the money market, the Overnight (OVN) and Open Buy-Back (OBB) rates remained calm at 18.00 percent and 17.17 percent respectively as there was no significant outflow/inflow impacting the system.
The funding rates are expected to trend lower tomorrow as market players anticipate inflows from N443.76 billion maturing OMO bills.
The central bank is also expected to aggressively mop up excess liquidity with a second OMO auction this week.
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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