Economy
Investors Buy N251bn OMO Bills at 13.28%
By Dipo Olowookere
The sum of N250.1 billion was mopped up from the financial system on Friday by the Central Bank of Nigeria (CBN), though less than the nearly N1 trillion inflows during the session.
Business Post reports that the mopping up was done by the apex bank via the sale of its liquidity management tool via the Open Market Operations (OMO). It had offered N150 billion worth of the instrument for sale, but it eventually allotted N250.5 billion to subscribers.
The bills were auctioned by the central bank in three maturities; N20 billion worth of the 88-day bill, N30 billion worth of the 179-day bill and N100 billion worth of the 361-day bill.
However, as it had been in the previous exercises, offshore investors were more interested in the long-dated tenor, staking N250.5 billion on the instrument and was eventually allotted at 13.28 percent, the same stop rate of the previous auction by the CBN.
For the two other maturities, the central bank declared ‘No Sale’ for them despite receiving bids worth N5 billion for the mid-tenor bill from investors yesterday. There was no offer received for the short-dated instrument during yesterday’s exercise from market participant.
Next week, the apex bank is expected to sell treasury bills to local retail and institutional investors via the primary market and rates are anticipated to be further moderated.
Also, in the week, the CBN should further offer its OMO bills to offshore investors and rates will likely remain in double digits to keep attracting interests of foreign portfolio investors, who are the main targets of the OMO auction.
Meanwhile, the money market rates depreciated by 7.86 percent on the average yesterday supported by the nearly N900 billion of OMO maturities flowing into the system at the session.
The Open Buy Back (OBB) rate declined by 7.64 percent, while the Overnight (OVN) rate depreciated by 8.07 percent.
At the close of business, the OBB rate went down to 3.93 percent from 11.57 percent on Tuesday, while the OVN rate crashed to 4.57 percent from 12.64 percent at the previous session.
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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