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Nigeria's Treasury Bill Auction Oversubscribed Amid Stable Yields

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The Federal Government of Nigeria (FGN) held a Treasury Bill auction where it offered N500 billion worth of debt instruments to investors, receiving a total subscription of N1.17 trillion.

The bulk of the demand was concentrated on the short-term 91-day and long-term 364-day papers, reflecting diverse investor appetite across different maturities. Despite the strong subscription, the Debt Management Office (DMO) exercised prudence by absorbing only N615.80 billion, which is 23% above the initial offer amount,

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Nigeria's 4% Revenue Allocation to FIRS Doubles Peers' Cost, Says World Bank

Nigeria's revenue collection structure has again come under scrutiny after the World Bank revealed that the Federal Inland Revenue Service (FIRS) receives 4% of all non-oil and oil revenues (excluding royalties)-a rate far higher than what

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Despite 50% Tariff Hike, Nigerians Still Groan Over Poor Network

Months after Nigeria's telecom operators secured approval for a 50 percent tariff hike, millions of subscribers are outraged that the promised improvements in service quality have failed to materialise.

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1 min

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Tinubu, Pardons Herbert Macaulay, 174 Others

President Bola Tinubu has granted a presidential pardon to Herbert Macaulay, one of Nigeria's foremost nationalists, alongside 174 other individuals across different categories.

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1 min

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Naira Falls Again as Dollar Supply Drops

The Nigerian naira has been losing value against the U.S. dollar for the past three days because there aren't enough dollars in the market to meet demand.

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1 min

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The Business NG

Mahmood Yakubu Steps Down, Agbamuche-Mbu Takes Over INEC Leadership

The Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, has officially handed over the reins of the Commission to May Agbamuche-Mbu, who will now serve as Acting National Chairman.

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1 min

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CBN Cracks Down on PoS Operators with New Compliance Rules, N5m Fine

The Central Bank of Nigeria (CBN) has announced sweeping reforms to sanitize the Point-of-Sale (PoS) industry, introducing strict compliance rules, monthly re-

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1 min

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The Business NG

Nation Bigger Than Dangote, Presidency – PENGASSAN Fires Back at Shettima

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has strongly responded to comments made by Vice President Kashim Shettima, who criticized the union's recent industrial action over the dismissal of workers at the Dangote Refinery.

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1 min

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NESG: Nigeria's Economy Needs 27m Jobs to Avert Crisis

Nigeria must create at least 27 million new formal jobs within the next five years to avert a looming employment crisis, the Nigerian Economic Summit Group (NESG) has warned.

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1 min

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Nigeria to Embrace Cryptocurrency Soon as Market Matures -CBN

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called for a pragmatic and collaborative approach to cryptocurrency regulation in Nigeria, citing the sector's rapid growth and the need for a structured framework to manage its impact on the financial system.

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1 min

The BusinessNG

The Business NG

Tier-2 Banks Race for M&A as CBN Deadline Looms

Union, Polaris, Keystone Eye Strategic Consolidation

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1 min

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