Economy
DMO Lists Nigeria’s $1b Eurobond on FMDQ
By Modupe Gbadeyanka
On Friday, the Debt Management Office (DMO) listed the $1 billion Federal Government’s Eurobond on the FMDQ OTC Securities Exchange.
The $1 billion Eurobond, recently oversubscribed by foreign investors, is due for 2032.
The Friday’s listing of the bond on the FMDQ OTC Securities Exchange platform comes barely 24 hours after it was also listed on the Nigerian Stock Exchange (NSE).
Speaking at the bond listing ceremony in Lagos, Director-General of the DMO, Mr Abraham Nwankwo, described the listing as a landmark event in the history of Nigeria.
According to him, “It means that we are not only creating value, but also creating financial inclusion.”
He said explained that, “The issuance of the $1 billion FGN Eurobond was aimed at fostering economic development and will serve to rejuvenate the vibrancy of the nation’s foreign exchange market.”
“Remarkably so,” he said, “this is the first-time the sovereign’s Eurobond will be considered for listing on a domestic exchange following the nation’s first and second outings to the international capital markets in 2011 and 2013 respectively.”
According to him, the subscription level showed the high level of confidence of international communities on the nation’s economy in spite of the current challenges.
Mr Nwankwo disclosed that the Federal Government decided to list the Eurobond issued by Nigeria on local exchanges; FMDQ and the Nigerian Stock Exchange (NSE) in the spirit of change.
He said in no distance time, Nigerians will start to feel the positive change they craved for.
Also speaking at the occasion, the Director-General of the Securities and Exchange Commission (SEC), Mr Mounir Gwarzo, who was represented by Mr Adam Sambo, said that the oversubscription was due to huge confidence shown by the international market.
Mr Gwarzo commended the management of FMDQ for its initiatives in the market, noting that the contribution of the capital market to the GDP would improve with the platform’s products.
On her part, a Deputy Governor at the Central Bank of Nigeria (CBN) and Chairman of FMDQ, Mrs Sarah Alade, who was also represented at the event by who was represented by FMDQ Vice Chairman, Mr Jubril Aku, applauded SEC for its support in ensuring the growth of the platform.
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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn