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Economy

CBN Slightly Moderates One-Year T-Bills Rate to 9.64%

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T-bills stop rates

By Dipo Olowookere

The Central Bank of Nigeria (CBN) on Wednesday, June 9, 2021, marginally reduced the stop rate of the one-year treasury bills at the primary market.

Investors were surprised to get the 364-day tenor at a rate 0.01 per cent lower than the previous session as the apex bank sold the instrument at 9.64 per cent in contrast to 9.65 per cent they purchased the same bill earlier.

This gave them an indication that the stop rate of the fixed income asset may have peaked and was likely finding its way downwards gradually again.

One of the major reasons for the slice in the rate may have been the strong appetite for the investment tool during the session.

The central bank, which sold the bill for the Debt Management Office (DMO) on behalf of the federal government, had offered N78.7 billion worth of it to investors.

But Business Post observed that the value of the subscriptions received for the long end of the curve stood at N308.5 billion, allowing the bank to tweak with the rate.

According to details of the exercise, subscribers bid within 9.00 per cent and 12.99 per cent, but it was allotted at 9.64 per cent for N164.1 billion.

The 12-month bill was not the only instrument auctioned yesterday by the apex as the two others were also offered for sale to investors.

For the 91-day bill, the bank auctioned N4.7 billion, while N7.8 billion worth of the 182-day tenor was offered for sale at the exercise.

It was observed that subscriptions worth N6.9 billion were received for the three-month maturity, with N5.1 billion allotted as the same 2.50 per cent stop rate, while bids received for the six-month instrument were valued at N11.7 billion with N10.1 billion allotted at 3.50 per cent, the same as the previous primary market auction.

In terms of the total value of the T-bills offered for sale, it stood at N91.2 billion, while the total value of the bids was N327.1 billion, with the amount allotted at N179.3 billion.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Economy

SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs

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capital market operators

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.

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Economy

Fidson Lists Additional 600 million Shares on Stock Exchange

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fidson

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.”

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Economy

FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure

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FG contractors protest

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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