Economy
90-Day T-Bills Yields Gain 1.43% as CBN Sells N173bn OMO Bills
By Dipo Olowookere
Treasury bills yields appreciated yesterday by 0.35 percent as the Central Bank of Nigeria (CBN) resumed its sale of the debt instruments via the Open Market Operations (CBN).
During the exercise, the apex bank sold N172.7 billion worth of the OMO bills to investors, more than the N130 billion it auctioned.
It was observed that market players were more interested in the long-dated bill during the sale.
The bank had auctioned N80 billion worth of the 331-day instrument, but it received N204.55 billion, with N117.34 billion eventually allotted. The rate cleared at 12.89 percent.
Of the N20 billion worth of the 205-day bill, subscriptions valued at N24.34 billion were received and allotted at 12.85 percent. For the 93-day bill, the apex bank auctioned N30 billion of the instrument, with offers valued at N38.25 billion received and N31 billion allotted at 11.78 percent.
On the treasury bills yields, only the one-month instrument recorded a loss, going down by 0.11 percent to settle at 10.25 percent.
Business Post reports that the 12-month bill was flat yesterday to close at 14.44 percent.
Yields on the 3-month instrument rose during the trading session by 1.43 percent to finish at 12.07 percent, while the 6-month bill appreciated by 0.08 percent to close at 13.39 percent.
Meanwhile, the average money market rates went down on Tuesday by 0.50 percent to close for the day at 10.47 percent.
This followed the 1.29 percent and 1.21 percent decline suffered by the Open Buy Back (OBB) and the Overnight (OVN) rates respectively.
At the close of business, the OBB rate went down to 10.07 percent from 11.36 percent, while the OVN rate dropped to 10.86 percent from 12.07 percent.
Barring a significant OMO sale by the central bank, the money market rates are expected to remain relatively stable.
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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