Economy
Investors in Last Minute Rush for MTN N23bn Commercial Paper
By Dipo Olowookere
Information reaching Business Post is that investors, especially high-net worth individuals and institutional, are in last minute demand for the N23 billion worth of commercial papers to be issued by MTN Nigeria.
The telecommunications company informed the investing community this week that it intends to sell the papers to raise funds for its business operations.
The sale of the N23 billion commercial papers is part of the N150 billion CP programme of the telco giant. This exercise is the third series.
Subscription for the CP commenced on Wednesday, September 7, 2022, and will end on Monday, September 12, 2022.
Stanbic IBTC Capital Limited is the arranger of the transaction, with other top investment firms appointed as the dealers.
Information gathered from a few of them indicated that investors are showing significant interest in the exercise and are making efforts to partake in it because of the confidence they have in the firm.
“We have been witnessing an increase in the demand for the MTN commercial papers, especially today (Friday),” a source from one of the dealing firms told this newspaper in confidence.
MTN Nigeria is offering the paper in 184-day tenor and the minimum subscription is N5 million and N1 million thereafter. The yield is expected to be in double-digit.
The ability of the company to repay the debt is never in doubt as it is the leading GSM network service provider in Nigeria, with the largest number of subscribers.
The company also offers financial services in Nigeria through its MoMo services and recently, it announced the introduction of 5G services in Lagos and Abuja. It immediately began the sale of 5G routers, which must be pre-ordered.
MTN Nigeria is offering 5G network in Nigeria after emerging one of the two winners of the 3.5 GHz spectrum band auction by the Nigerian Communications Commission (NCC).
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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