Economy
CBN Sells N300bn OMO Bills Across Three Tenors at Lower Rates
By Dipo Olowookere
The Central Bank of Nigeria (CBN) conducted its weekly mopping up of excess liquidity in the financial system through the Open Market Operations (OMO) on Thursday.
At the exercise, the apex bank auctioned the OMO bills across three maturities and received bids from the respective tenor unlike in the previous session, where it only manages to sell one or two maturities.
At yesterday’s OMO sale, the bank offered N10 billion worth of the 89-day bill to offshore investors and banks. It also auctioned N20 billion worth of the 180-day bill and N270 billion worth of the 362-day bill, amounting to a total of N300 billion.
Business Post reports that while the mid and long-dated instruments were oversubscribed by market participants, the central bank received subscriptions for the exact amount it offered for sale for the short-term instrument.
An analysis of the bids showed that the apex bank received N10 billion worth of subscriptions for the 89-day bill, N44.78 billion for the 180-day instrument and N280.51 billion for the 362-day bill, resulting in a total of N299.99 billion.
For the allocation, the CBN sold N10 billion worth of the three-month bill at 11.45 percent (rate maintained at its previous level), N44.78 billion worth of the six-month bill at 11.59 percent (lower than the previous rate of 11.60 percent) and N245.21 billion worth of the 12-month bill at 13.02 billion (lower than the previous rate of 13.04 percent).
Meanwhile, at the secondary market for treasury bills, yields increased across the maturities tracked during Thursday’s session. The average yields marginally rose by 0.09 percent to 3.88 percent.
Apart from the one-month maturity, which depreciated by 0.22 percent to settle at 3.00 percent against its previous rate, 3.22 percent, yield on every other tenor appreciated yesterday.
The three-month bill rose by 0.45 percent to 3.40 percent from 2.95 percent, the six-month instrument gained 0.07 percent to close at 3.85 percent versus 3.78 percent, while the 12-month tenor appreciated by 0.06 percent to 5.26 percent from 5.20 percent.
At the money market on Thursday, inflows from maturing OMO bills of about N620 billion impacted liquidity, leaving the Open Buy Back (OBB) rate and the Overnight (OVN) rate in different directions.
While the OBB rate rose by 0.13 percent to 3.33 percent from 3.20 percent, the OVN rate reduced by 0.02 percent to 4.08 percent from 4.10 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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn