Economy
Investors Bid N163.9bn for 30-Year Bond, DMO Allots N4.6bn at 8.94%
By Modupe Gbadeyanka
The Debt Management Office (DMO) on behalf of the Nigerian government auctioned some bonds to domestic investors at the primary market on Wednesday.
During the exercise, the debt office sold the 30-year note at 8.94 per cent, lower than the previous 9.90 per cent the same paper went for about a month ago.
This was influenced by the huge demand for the bond tenor, which received a subscription level of 409.8 per cent.
From the results of the auction, Business Post gathered that investors staked N163.9 billion on the N40 billion worth of the debt put up for sale by the DMO via 104 competitive bids.
However, the Abuja-based debt office allotted only N4.6 billion of the 30-year bond to investors.
Apart from the 30-year note, which was the longest maturity auctioned, the debt office offered three other tenors for sale; 10-year, 15-year and 25-year notes.
For the 10-year paper, it offered N25.0 billion and N83.3 billion subscriptions were received in 78 bids, while N67.0 billion was sold at 6.00 per cent for competitive bids and N2.3 billion allotted for non-competitive bids at the same coupon rate. At the previous exercise, this same note cleared at 6.70 per cent.
It was also observed that N40.0 billion worth of the 15-year bond was auctioned yesterday, but this received subscriptions valued at N71.4 billion, with N25.4 billion allotted to subscribers at 8.52 per cent, lower than 9.35 per cent it was sold about a month ago.
For the 25-year debt instrument, the debt office offered for sale N40.0 billion and got bids worth N41.1 billion, with only N6.8 billion sold at 8.90 per cent, lower than 9.75 per cent the same paper was given to traders at the last exercise.
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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