Economy
Offshore Investors Snub CBN’s N100bn Short, Mid-Tenor Bills
By Dipo Olowookere
The Central Bank of Nigeria (CBN) on Monday announced a surprise sale of treasury bills through the Open Market Operations (OMO).
The apex bank offered the instrument in three different maturities like it did in the previous exercise, which held last Thursday and from the results, participants again snubbed the short-dated and mid-dated bills.
However, the interest was skewed around the long-dated instrument and it was again oversubscribed by offshore investors, who qualify to participate in the OMO auction, according to the new regulation.
Business Post reports that N30 billion worth of 85-day bill was offered for sale, N70 billion worth of 176-day bill and N150 billion worth of 351-day bill were auctioned during the exercise.
But when the results were announced, the central bank said it received no bid for the three-month and six-month instrument, just like in the previous OMO sale and consequently declared ‘No Sale’ for them.
However, for the 12-month OMO bill, the banking sector regulator said it received bids valued at N229.08 billion, which was N79.08 billion more than it offered.
At the close of the exercise, the apex bank allotted N229.08 billion worth of the 351-day bill to investors and the stop rate retained at 13.28 percent.
Tomorrow, the CBN will auction treasury bills worth N7.00 billion to local investors via the primary market and the stop rates are anticipated to be slightly lowered during the exercise.
According to the calendar released by the auctioneer some days ago, it would sell 91-day bills worth N2.00 billion, 182-day bills worth N2.00 billion and 364-day bills worth N3.00 billion.
Meanwhile, the money market rates marginally increased on Monday by 0.57 percent on the back of the 0.57 percent rise posted by the Open Buy Back (OBB) rate and the 0.57 percent growth printed by the Overnight (OVN) rate.
At the close of transactions, the OBB rate improved to 2.79 percent from 2.21 percent, while the OVN rate appreciated to 3.36 percent from 2.79 percent.
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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