The Central Bank of Nigeria (CBN) allotted N1.49 trillion at its Treasury Bills (NTB) primary market auction held on June 17, 2026, while raising stop rates across all three maturities. The outcome reflects growing investor demand for higher yields amid persistent inflationary pressures and expectations of continued monetary tightening. The auction comes shortly after Nigeria’s […]
Nigeria’s small and medium enterprises (SMEs) are increasingly embracing digital payments and technology-driven business models as they position for growth over the next year, according to a new study by Mastercard. The report revealed strong optimism among Nigerian entrepreneurs, with 81% expressing confidence about their business outlook over the next 12 months, while 68%
Nigeria’s headline inflation rate increased to 15.93% in May 2026, up from 15.69% in April, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics. The development has renewed investor focus on identifying stocks capable of protecting wealth and generating returns above inflation, especially as elevated consumer prices
Rising Inflation Puts Focus on Stocks That Can Preserve Real Returns Read More »
The Central Bank of Nigeria has announced a N450 billion Nigerian Treasury Bills (NTBs) auction scheduled for June 17, 2026, with settlement expected on June 18, 2026. The offer, disclosed through an official notice to Primary Money Market Dealers (PMMDs), comes amid the Federal Government’s continued reliance on short-term domestic borrowing to finance fiscal
CBN Offers N450 Billion Treasury Bills Despite DMO’s Expanded Q2 Borrowing Plan Read More »
A viral social media cartoon mocking Nigeria’s growing debt burden became a focal point of discussion at the 17th Blakey’s National Tax & Economic Conference held in Lagos, where economists, tax experts, and policy analysts examined the country’s borrowing trajectory and its long-term implications. The cartoon, which humorously presented a fictional “Loan D’or” award for
Nigeria’s headline inflation rate increased to 15.93% in May 2026, up from 15.69% in April 2026, as consumer prices continued to place pressure on households and businesses despite a slowdown in the pace of monthly price increases. According to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics, the
Nigeria’s Inflation Rate Rises to 15.93% in May 2026 Read More »
Nigeria’s average daily natural gas production increased to 7.93 billion standard cubic feet per day (bcf/d) in May 2026, representing a 0.63% year-on-year growth from the 7.88 bcf/d recorded in May 2025. This is according to the latest data released by the Nigerian Upstream Petroleum Regulatory Commission. The latest figures underscore Nigeria’s continued progress
Nigeria’s Daily Natural Gas Production Rises to 7.93 bcf/d in May 2026 Read More »
When a loved one passes away, most families expect the emotional pain. What many are not prepared for is the financial burden that often follows. In Nigeria, funeral expenses can quickly run into millions or even tens of millions. Between burial arrangements, transportation, reception costs, accommodation for guests, religious rites, and other cultural obligations, many
Nigeria’s natural gas production continued its gradual upward trajectory in May 2026, with average daily output reaching 7.93 billion standard cubic feet per day (bcf/d), reflecting the country’s growing focus on gas development as a pillar of economic diversification and energy security. The latest figures, released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), show
The International Monetary Fund (IMF) has advised the Federal Government of Nigeria to consider introducing new taxes on telecommunications services and fuel products as part of broader efforts to enhance revenue generation and create additional fiscal space for development and social intervention programmes. The recommendation was contained in the IMF’s latest Article IV Consultation Report
IMF Urges Nigeria to Consider Telecom and Fuel Taxes to Strengthen Revenue Base Read More »
