DMO allots ₦4.074bn in May savings bonds
The Debt Management Office has allotted a total of N4.074 billion in its May 2026 Federal Government of Nigeria Savings Bond issuance…
Finance
S&P upgrades Nigeria’s sovereign credit rating to ‘B’
S&P Global Ratings has upgraded Nigeria’s long-term foreign and local currency sovereign credit ratings to “B” from “B-”, citing improvements in the…
CBN launches revised foreign exchange manual effective June
The Central Bank of Nigeria on Friday launched the fourth edition of its Foreign Exchange Manual, with the revised framework scheduled to…
Nigeria’s mutual funds NAV hits ₦8.77trn in April
Nigeria’s mutual funds industry sustained its growth momentum in April 2026, with total Net Asset Value climbing to N8.77 trillion, reflecting increased…
CBN gains ₦5.63trn from OMO auctions as investors chase high yields
The Central Bank of Nigeria conducted three rounds of Open Market Operations auctions between May 4 and May 12, 2026, raking in…
Naira weakens at parallel FX market to ₦1,392/$
The Naira on Thursday depreciated to N1,392 per dollar in the parallel market from N1,388 per dollar on Wednesday. Similarly, the naira…
Naira gains strength as parallel FX rate hits ₦1,388/$
The Naira on Wednesday appreciated to N1,388 per dollar in the parallel market from N1,395 per dollar on Tuesday. Similarly, the naira…
Zamfara approves pension boost for retirees amid economic hardship
The Zamfara State Government has approved an increase in pension payments for retirees in both the state and local government system as…
NNPCL, NUPRC remit over ₦322bn, $116.9m to federation account
The Nigerian National Petroleum Company Limited and the Nigerian Upstream Petroleum Regulatory Commission remitted over N322bn and $116.9m into the Federation Account…
Parallel FX market hits ₦1,410/$ as naira fluctuates
The naira traded with slight fluctuations against the United States dollar on Tuesday, May 12, 2026, across the official Nigerian Foreign Exchange…
FG seeks fresh $1.25bn World Bank loan for reforms, jobs
The Federal Government is in advanced discussions with the World Bank over a proposed $1.25bn loan facility aimed at supporting economic reforms,…
Nigeria’s external reserves drop $855m in five weeks
Nigeria’s external reserves declined by approximately $855 million within five weeks, falling from $49.18 billion on April 1, 2026, to $48.33 billion…