Economy
Nigeria Sells Treasury Bills to Investors at 19% After Spike in Demand
By Dipo Olowookere
Investors purchased Nigerian treasury bills at 19.00 per cent at the primary market on Wednesday, details from the exercise obtained by Business Post have revealed, indicating that the benchmark interest rate could be raised from the current 18.75 per cent when the Monetary Policy Committee (MPC) meeting is held later this month.
The Central Bank of Nigeria (CBN), on behalf of the federal government, through the Debt Management Office (DMO) auctioned T-bills at the primary market yesterday.
The debt instruments came in their usual three tenors on Wednesday, with N1 trillion on offer, this newspaper gathered.
The worth of the 91-day bill offered for sale was N200 billion; the same for the 182-day bill, while the 364-day bill was N600 billion.
However, the short- and mid-dated instruments were undersubscribed by investors, while the long-dated paper witnessed a strong demand.
According to the results of the exercise, traders stake N1.9 trillion on the one-year treasury bill at the PMA, with the range of bids between 13.00 per cent and 29.94 per cent. However, about N908.8 billion was allotted by the central bank to successful bidders at 19.00 per cent, higher than the 11.54 per cent it cleared at the preceding PMA by 7.46 per cent.
A look at the result of the six-month bill showed that investors offered N76.8 billion with a range of bids between 4.00 per cent and 19.98 per cent, but only N51.4 billion was allotted at 18.00 per cent, which is 10.85 per cent higher than the 7.15 per cent it cleared at the previous exercise.
The three-month instrument received subscriptions valued at N39.9 billion during the sales and a range of bids between 7.00 per cent and 17.20 per cent. However, N39.9 billion was sold at 17.24 per cent versus the 5.00 per cent it was offered by the central bank at the last auction, indicating a 12.24 per cent hike.
Analysis of the exercise showed that the apex sold slightly above the N1 trillion it offered for sale yesterday by N100 million after getting bids valued at N1.983 trillion.
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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