Economy
Rising Appetite Suppresses 12-Month T-Bills Rate to 6.80%
By Dipo Olowookere
The strong appetite of investors for the one-year treasury bills is already taking its toll on the stop rate of the debt instrument of the government.
On Wednesday, the rate further depreciated by 0.55 per at the primary market as the bill cleared at 6.80 per cent compared with 7.35 per cent of the previous exercise two weeks ago.
Business Post observed that the spike in the subscription for this particular tenor allowed the Central Bank of Nigeria (CBN), which conducted the PMA for the Debt Management Office (DMO) on behalf of the federal government, to slice the rate.
From the analysis of the T-bills sales, N121.4 billion worth of the maturity was put up for sale by the apex bank but the bids jumped to 365.1 billion, indicating that it was oversubscribed by 200.7 per cent.
Investors have found this bill attractive because it offers a higher interest rate than the two other tenors available at the primary market; the 91-day bill and the 182-day bill.
After the exercise, the CBN allotted N280.9 billion worth of the 364-day instrument to market participants, higher than the amount it initially wanted to sell to them, but lower than what they bid for. The range of the bid rates for this maturity was between 5.95 per cent and 8.67 per cent.
Analysis of the 3-month bill indicated that the bank auctioned N3.1 billion to investors but subscriptions worth N4.8 billion were received, while N3.5 billion was allotted at 2.5 per cent, the same rate as the previous exercise. It was observed that the bid rates range was from 2.49 per cent to 10.00 per cent.
As for the 182-day bill, the CBN offered for sale N32.7 billion but received bids valued at N24.2 billion and allotted N22.9 billion at 3.5 per cent. The rate was flat but the range from investors was between 3.49 per cent and 12.00 per cent.
Business Post reports that the total value of the treasury bills brought to the market was N157.2 billion, while the worth of the subscriptions stood at N394.1 billion, with the amount sold at N307.3 billion.
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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