Economy
CBN Issues One-Year OMO Bills at 13.30% as Appetite Wanes
By Dipo Olowookere
The Central Bank of Nigeria (CBN) on Thursday auctioned some of its bills to foreign investors and banks in the country via the Open Market Operations (OMO). The liquidity management instrument was offered in three different tenors by the apex, but it eventually allotted only two.
Business Post reports that the bills were offered in 96-day, 187-day and 362-day, but only short-dated and long-dated maturities were issued, with the mid-dated instrument returned as No Sale because market participants did not bid for it.
The central bank had offered to sell N50 billion worth of the three-month bill, N100 billion worth of the six-month bill and N250 billion worth of the 12-month bill, making a total of N400 billion.
However, results of the exercise showed that appetite of investors to the instruments was low despite the stop rates at double digits unlike the treasury bills sold by federal government of Nigeria, which sells for as low as 6.50 percent.
Business Post reports further that for the allotments, the CBN sold the N980 million worth of the 96-day tenor and maintained the stop rate at 11.50 percent, while it sold N189.84 billion worth of the one-year bill with the rate left at 13.30 percent.
This indicated that from the N400 billion worth of the OMO bills auctioned by the central bank yesterday, only N190.82 billion was bided for and allotted, leaving the apex bank going home with N209.18 billion worth of unsubscribed bills.
If the participation continue to remain low, we foresee the apex bank jerking up the rates to attract interests.
However, Moody’s according to a report by Business Post on Thursday, has faulted this style of the central bank to boost the nation’s reserves, warning that it is dangerous. READ IT HERE
Meanwhile, at the money market on Thursday, rates further declined on the back of inflows from OMO maturities of about N508 billion. At the close of business, the average rate went down by 0.18 percent to settle at 3.18 percent.
It was observed that during the session, the Open Buy Back (OBB) rate depreciated by 0.21 percent to 2.79 percent from 3.00 percent, while the Overnight (OVN) rate fell by 0.14 percent to 3.57 percent from 3.71 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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