Economy
Nigeria Rules Out Eurobonds Sale, Mulls Local Borrowing
By Adedapo Adesanya
The Debt Management Office (DMO) has disclosed that the Nigerian government will not consider going to the international debt market this year to borrow fresh funds.
Director-General of the DMO, Ms Patience Oniha, who made this disclosure, stated that federal government will only consider the local debt market to seek for fresh funds.
In a correspondence with Bloomberg, Ms Oniha said, “We will only raise the new domestic borrowing of N802.82 billion as provided in the 2019 appropriation act. We won’t be in the international capital market in 2019.”
Recall that in 2016, Nigeria approved a three-year plan to borrow more money from the international market and in 2018, the country issued a record $10.7 billion of international bonds.
Some investors had expected the Africa’s largest economy, which went into recession in 2016 and exited a year later, to sell more papers in 2019 to cover the N2.5 trillion budget deficit.
But Ms Oniha has dashed their hopes with her response to Bloomberg’s inquiry. She said federal government would stick to its new domestic borrowing plan to raise N802.8 billion this year.
Eurobonds worth $10.87 billion as of June 2019 accounted for the largest percentage of the nation’s external debt, rising from $8.5 billion at the end of June 2018, according to data sourced from the debt office.
The office had earlier this year refuted claims that the Federal Government had no plans to issue Eurobonds as part of its external borrowing this year.
It noted that the 2019 Appropriation Act provided for new external borrowing of N824.82 billon (equivalent of $2.7 billion at USD/N305), adding that the plan for raising the new external borrowing was to first access cheaper funds from multilateral and bilateral lenders as might be available.
“Thereafter, any balance will be raised from commercial sources, which may include securities issuance such as Eurobonds in the international capital market,” it disclosed.
Ms Oniha said that with the country’s 2019 Budget left with only six months for implementation as a result of the late passage of the bill, the government aimed to start its budget implementation for 2020 in January.
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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