The Federal Government has completed the 2025/2026 cycle of the Tertiary Institutions Staff Support Fund (TISSF), disbursing more than N13 billion in interest-free loans to 7,450 academic and non-academic staff across public tertiary institutions nationwide. The disclosure was made by the Federal Ministry of Education in a press release issued on June 19, 2026. […]
President Bola Tinubu has reaffirmed the Federal Government’s commitment to delivering 1.1 million metric tonnes of fertiliser to Nigerian farmers in 2026 as part of ongoing efforts to strengthen food security, increase agricultural productivity, and support local food production. The President made the disclosure in a statement issued on June 18, 2026, outlining the administration’s
Federal Government Targets 1.1 Million Metric Tonnes of Fertiliser for Farmers in 2026 Read More »
Nigeria’s external reserves climbed to $51.04 billion on June 18, 2026, reaching their highest level in approximately 17 years as stronger foreign exchange inflows and improving market conditions continued to strengthen the country’s reserve position. Data from the Central Bank of Nigeria> showed that gross external reserves stood at $51,035,544,733.65, the highest level recorded since
Nigeria’s External Reserves Rise to 17-Year High of $51.04 Billion Read More »
Nigeria’s petrol imports recorded a sharp increase in May 2026, rising by 59.5% compared to the previous month despite continued growth in domestic refining capacity. The latest data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) showed that oil marketers increased import volumes to supplement local supply, even as domestic refineries
Nigeria’s Petrol Imports Jump 59.5% in May Despite Rising Domestic Refining Output Read More »
The Nigerian Exchange (NGX) has introduced new trading rules that will significantly change how share prices move on the exchange by requiring minimum trading volume thresholds before a stock’s market price can change. The development, confirmed through the NGX Rulebook and corroborated by multiple market participants, represents a major adjustment to the exchange’s price discovery
NGX Introduces Minimum Volume Requirements for Share Price Movements Read More »
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
