Economy
CBN Mops up N338b as One-Year T-Bills Clear at 13.50%
By Dipo Olowookere
The Central Bank of Nigeria (CBN) mopped up N337.6 billion from the system on Thursday through the sale of treasury bills via Open Market Operations (OMO).
During the exercise, the apex bank offered to investors the same bills it auctioned at the primary market auction (PMA) on Wednesday; 91-day, 182-day and the 364-day bills.
However, despite receiving offers worth N24 million for the N100 billion worth of the 91-day instrument auctioned, the apex bank issued a No Sale result.
But for the 182-day bill, the bank sold N31.05 billion after receiving subscriptions worth N38.05 billion of the N150 billion worth of the bill auctioned with the stop rate clearing at 12.50 percent.
For the 364-day bill, offers worth N383.39 billion were received by the apex bank from market players for the N300 billion auctioned. The bank eventually sold N306.55 billion worth of the instrument to investors. However, the rate cleared at 13.50 percent against 13.48 percent it cleared during the PMA held two days ago.
Generally, average yields of T-bills at the secondary market moderated further yesterday by 0.30 percent as investors continued to cherry-pick on attractive yields on the shorter end of the curve due to the significantly buoyant level of liquidity in the system.
Spreads tightened across the curve as the relatively high level of uncertainty in previous sessions ebbed as a result of the day’s OMO auction by the CBN.
“Barring a further OMO auction by the CBN, we expect yields to be relatively stable, due to the buoyant level of liquidity in the system.
“Market players are expected to prefer the longer end now above the short end of the curve,” Lagos-based Zedcrest Research said.
Meanwhile, Business Post reports that the average money market rate declined on Thursday by 0.79 percent to finish at 4.46 percent.
This occurred after the Open Buy Back went down by 0.58 percent to 4.17 percent from 4.75 percent, while the Overnight declined by 1 percent from 5.75 percent to 4.75 percent yesterday.
It was observed that the N218 billion inflows from OMO T-bill maturities yesterday helped offset outflows from the day’s N338 billion OMO auction sales.
This consequently sustained system liquidity at N560 billion positive, while the rates are expected to close the week on a calm note, barring a further OMO auction by the CBN today.
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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