Economy
Window Opens for Retail Investors to Buy September FGN Savings Bond
By Sodeinde Temidayo David
Retail investors who missed out on the FGN savings bond last month now have the opportunity to purchase the debt instrument targeted at them.
The Debt Management Office (DMO), which sells the securities on behalf of the Federal Government of Nigeria, issued a circular to announce the exercise for September.
According to the disclosure obtained by Business Post, subscriptions for the bond sale will last five days as it commenced on Monday, September 6 and will end on Friday, September 10.
The FGN savings bond is mainly for low-income earners so as to encourage them to save and earn more income while supporting the government with funds to carry out some critical projects across the country.
The debt office said it would auction the September FGN savings bond in two maturities, just like it has always done in the past; a two-year note with maturity on September 15, 2023, and a three-year note with maturity on September 15, 2024.
The DMO is offering to sell the two-year bond at a coupon rate of 7.915 per cent per annum, while the three-year bond is going for a coupon rate of 8.915 per cent per annum.
According to the offer notice, the interest payments would be done quarterly, with dates fixed for December 15, March 15, June 15, and September 15 as the settlement date is scheduled for September 15, 2021.
To purchase the bonds, an investor would be required to pay N1,000 per unit subject to a minimum of five units subscription of N5,000 and the maximum of 50,000 units at N50 million.
The notes can be bought through stockbroking firms appointed as distribution agents by the debt management office.
The savings bonds are tax-free with competitive fixed interest rates to be paid every quarter and can be traded on the Nigerian Exchange (NGX) Limited to provide an exit route before maturity. They can also be used as collateral for loans.
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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