Nigeria’s foreign debt servicing gulps almost $1bn in two months
Nigeria spent nearly $1bn servicing its foreign loans in the first two months of 2026, as external debt repayments rose…
FG borrows N5tn from bond market H1 2026
The Federal Government raised N5.08tn from the domestic bond market in the first six months of 2026, marking a 77.8…
Nigerian banks’ assets hit N180.37 trillion
Deposit money banks in Nigeria recorded total assets of N180.37 trillion, representing 41.8 per cent of the country’s nominal gross…
NRS targets N50 trillion tax revenue by December
Nigeria’s tax revenue could reach a new milestone of about N50 trillion by December, this year as the Nigeria Revenue…
Pre-2027 election spending could worsen Nigeria’s inflation, says MPC
Members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), have warned that election-related fiscal spending…
CBN data localisation: Galaxy Backbone moves to capture banks, fintechs
Galaxy Backbone (GBB) has intensified its engagement with banks, fintech firms, and other financial institutions as the Central Bank of…
DMO opens July FGN savings bond at 15.716%
The Debt Management Office (DMO) has opened the July 2026 FGN Savings Bond subscription, offering Nigerians investment opportunities with returns…
CBN targets N1.35trn liquidity withdrawal in July
The Central Bank of Nigeria (CBN) has unveiled plans to issue N2 trillion worth of Treasury Bills (T-bills) in July…
Banks borrowing from CBN shrink by 96.04% YoY to N2.33trn in H1 2026
Amidst uncertainty in the business environment, banks borrowing from Central Bank of Nigeria (CBN) dropped by 96.04 per cent Year-on-Year…
FG queries high petrol costs in Nigeria amid falling global crude prices
The Federal Government, on Monday, convened a high-level meeting with key stakeholders in the downstream petroleum sector to address concerns…