Economy
Central Bank Trims Treasury Bills Rate by 0.37% as Investors Offer N1.5trn
By Dipo Olowookere
The stop rate of the 364-day treasury bills was slightly brought down by 0.37 per cent to 21.12 per cent from 21.49 per cent by the Central Bank of Nigeria (CBN) at the primary market on Wednesday.
The central bank tinkered with the rate amid appetite for the debt instrument, according to details of the exercise analysed by Business Post.
The apex bank auctioned N159.9 billion worth of the one-year paper to investors today but received bids worth N1.4 trillion, indicating the strong confidence subscribers have in the government to repay at maturity despite the economic headwinds in the country.
The range of bids was between 19.50 per cent and 29.00 per cent as investors gamble on the bank to maintain higher rates to lure foreign portfolio investors (FPIs), who have the needed Dollars to strengthen the Naira, which is gradually gaining stability at the foreign exchange (FX) market.
At the close of the auction, the central bank sold N150.9 billion worth of the tenor.
The apex bank was at the market today with N918.4 million worth of the 812-day maturity and like the 12-month bill, it was oversubscribed by investors interested in a shorter tenor.
Subscribers staked N49.7 billion on this paper during the session at a stop rate as low as 17.00 per cent and as high as 21.00 per cent.
However, the bank allotted N4.9 billion at 17.00 per cent, which is 1.00 per cent lower than the 18.00 per cent of the previous exercise.
It was observed that the 91-day T-bills received considerable subscriptions from investors on Wednesday, about 85.5 billion, higher than the N728.2 million brought to the market square by the central bank.
This tenor had a range of bid rates between 15.00 per cent and 19.00 per cent, but it cleared at 16.24 per cent compared with the previous 18.01 per cent, indicating that the CBN sliced it by 1.77 per cent after it sold N5.7 billion to successful subscribers.
From the analysis of the PMA, the central bank offered to sell N161.5 billion worth of treasury bills across three tenors on Wednesday, but got bids valued at N1.5 trillion, and allotted N161.5 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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