Economy
Traders Lose Appetite for CBN’s 89-day, 180-Day OMO Bills
By Dipo Olowookere
The hunger of investors for short and mid-term treasury bills issued by the Central Bank of Nigeria (CBN) through the Open Market Operations (OMO) seems to be gradually waning by the day.
Over a period of time, the low interest rates the apex bank offers the two tenors at the market has turned traders off, preferring to put their money on the long-dated tenor.
Yesterday, the central bank held its usual weekly OMO auction and results from the exercise showed that the 89-day and the 180-day maturities were again snubbed by foreign portfolio investors, who the apex bank has now tailored the investment tool for because of the foreign exchange they bring into the economy, helping to boost the external reserves.
Business Post reports that the central bank offered OMO bills worth N100 billion across three maturities, but only one attracted the attention of market participants.
The apex bank auctioned N10 billion worth of 89-day bill, another N10 billion worth of 180-day bill and N80 billion worth of 362-day bill during the exercise yesterday.
However, the short and mid-term instruments received no bids from traders, who chased the long-dated maturity all around with N112.11 billion.
Consequently, the 89-day and 180-day tenors were not sold, but the CBN allotted N110.51 billion for the 362-day maturity at 12.99 percent. This stop rate was lower than the 13.00 percent it was sold last week at the OMO auction.
Meanwhile, at the secondary market for the Nigerian Treasury Bills, the average yields declined by 0.15 percent to 3.86 percent on the back of buying pressure witnessed during the trading day.
Of the four maturities tracked, only one, the one-year instrument, recorded a growth in yield, 0.10 percent, closing at 5.50 percent in contrast to the previous 5.40 percent.
The one-month bill lost 0.39 percent to settle at 3.06 percent against 3.45 percent of the previous session. The three-month tenor depreciated by 0.20 percent to 3.16 percent from 3.36 percent, while the six-month maturity fell by 0.09 percent to 3.71 percent from 3.80 percent.
A look at the money market showed that the average rates slightly moved up by 0.28 percent to 15.11 percent. This followed the 0.07 percent growth printed by the Open Buy Back (OBB) rate and the 0.48 percent appreciation recorded by the Overnight (OVN) rate.
Business Post reports that when market activities were wrapped up on Thursday, the OBB rate rose to 14.57 percent from 14.50 percent, while the OVN rate jumped to 15.64 percent from 15.17 percent.
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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