Economy
CBN Sells 363bn OMO Bills Thursday, Cuts Stop Rates
By Dipo Olowookere
The Central Bank of Nigeria (CBN) auctioned its liquidity control tool to investors on Thursday via an Open Market Operations (OMO). The exercise was mainly for foreign portfolio investors.
During the sale of the OMO bills, the apex bank offered for sale the debt instrument worth N330 billion in three different maturities; 96 days, 187 days and 362 days.
Business Post reports that the central bank auctioned N50 billion worth of the 96-day bill, another N50 billion worth of the 187-day tenor and N230 billion worth of the 362-day bill.
However, the bank had subscriptions valued at N447.09 billion across the three tenors, while N363.09 billion was allotted at the close of the exercise, with the stop rates for the mid and long tenors slightly slashed by the apex bank, while the stop rate for the short-dated maturity was left intact.
Results of the OMO sale showed that the central bank received bids worth N16.50 billion for the 96-day instrument. This same amount was allotted to traders at 11.55 percent.
For the 187-day tenor, the bank got subscriptions valued at N11.50 billion, but only N10.50 billion was sold at 11.75 percent, lower than 11.79 percent of the previous OMO auction.
For the 362-day bill, the central bank received offers worth N419.09 billion from subscribers yesterday, but N336.09 billion worth of the instrument was allotted to investors at stop rate of 11.32 percent, lower than the 11.34 percent at the October 24 exercise.
Meanwhile, at the secondary market for treasury bills on Thursday, the market came under a buy pressure, which consequently pushed the average yields lower as a result of the decline posted by the benchmark maturities.
The six-month instrument was the most pressured as its yield went down by 0.50 percent to settle at 11.90 percent against the previous day’s 12.40 percent. The three-month tenor followed as its yield went down by 0.31 percent to 11.72 percent from 12.03 percent. Yield on the one-year bill depreciated by 0.21 percent to 14.72 percent from 12.93 percent, while yield on the three-month instrument fell by 0.03 percent to 11.48 percent from 11.51 percent.
At the close of business, the average yields of the four bills went down by 0.26 percent to finish at 12.46 percent.
Meanwhile, activities at the money market yesterday were upbeat as the average rates increased by 1.75 percent to close at 5.00 percent. This came on the back of the 1.86 percent rise posted by the Open Buy Back (OBB) rate and the 1.64 percent growth recorded by the Overnight (OVN) rate.
At the close of transactions, the OBB rate increased to 4.64 percent from 2.79 percent, while the OVN rate appreciated to 5.36 percent from 3.71 percent.
It was observed that the rates still closed in the single-digit region despite a robust system liquidity in the interbank market, which was at N500 billion positive as the apex bank mopped up N3623 billion from the market via an OMO sale.
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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