CBN Allots N12.82 Trillion in September OMO Auctions as Stop Rates Fall 170bps
The Central Bank of Nigeria (CBN) allotted approximately N12.82 trillion through four Open Market Operations (OMO) auctions in September 2026,...
Month: September 2026
Nigeria’s FX Market Turnover Rises 11% to $2.63 Billion as Spot Trading Recovers
Nigeria’s foreign exchange market recorded a rebound in trading activity in the week ended September 25, 2026, as total...
CBN Faces N2.59 Trillion Liquidity Injection as OMO Maturities and Bond Coupons Fall Due
Nigeria’s banking system could see a significant liquidity boost of up to N8.57 trillion this week beginning Monday, September...
Nigerian Stocks Hit Record High as Bull Run Pushes Major Equities Into Overbought Territory
Nigeria’s equities market has extended its multi-month bull run to fresh records, with the NGX All-Share Index (ASI) closing...
Nigeria’s External Reserves Rise $9.29bn in Nine Months, Seven Times 2025 Gain
Nigeria’s external reserves increased by $9.29 billion in the first nine months of 2026, more than seven times the...
Coronation Life Boss Adebowale Adesona Named Transformational Leader of the Year 2026 in Insurance Leadership
Adebowale Adesona, Managing Director of Coronation Life Assurance Limited, has been recognised among the Global Power Leaders 2026 as Transformational...
Eight Nigerian Consumer Goods Firms Pay N70.1 Billion in Royalties and Technical Fees in H1 2026
Eight listed Nigerian consumer goods companies recorded a combined N70.1 billion in royalties, technical fees, licence fees and management charges...
NAICOM Urges Insurers to Turn Recapitalisation Funds Into Stronger Underwriting and Better Services
The National Insurance Commission (NAICOM) has urged insurance companies to shift their focus from the amount of capital raised...
Nigeria’s States Generated N5.15tn IGR in 2025, Up 41%
Nigeria’s 36 states and the Federal Capital Territory (FCT) generated a combined N5.15 trillion in Internally Generated Revenue (IGR)...
Lagos Generates 34% of Nigeria’s Total State IGR in 2025
Lagos State accounted for more than one-third of the Internally Generated Revenue (IGR) collected by Nigeria’s 36 states and...