The Federal Government plans to raise ₦600 billion through a fresh bond auction, as it seeks to finance government operations and manage public debt. The Debt Management Office (DMO) announced the offer in a circular released on Wednesday, May 13. It stated that on behalf of the Federal Government of Nigeria (FGN), it is offering …
The Securities and Exchange Commission (SEC) has unveiled an ambitious push to anchor Nigeria’s capital market on data, artificial intelligence and technology-driven regulation, saying the shift is critical to attracting domestic and foreign investment. The Director-General of SEC, Emomotimi Agama, disclosed this on Wednesday at the FSDH Investor Conference 2026 in Lagos, where he outlined …
President Bola Tinubu has said Nigeria will spend not less than $11.6 billion on debt servicing in 2026 under the current global financial system. According to a statement issued by Bayo Onanuga, the president spoke on Tuesday at the Africa Forward Summit in Nairobi, Kenya. Tinubu said nearly half of Nigeria’s projected revenue for 2026 …
Food prices in Nigeria could decline by the next harvest season if governments at all levels strengthen security and take deliberate steps to reduce production costs for farmers, the All Farmers Association of Nigeria (AFAN) has said. Speaking on Tuesday in Lagos, the Deputy Chairman of AFAN, Lagos State Chapter, Mr Shakin Agbayewa, explained that …
Nigeria’s fiscal outlook remains under severe pressure despite what appears to be a gradual improvement in some key debt indicators, the Nigerian Economic Summit Group (NESG) has warned in its latest Debt Burden Monitor for 2025. The report revealed that although Nigeria’s Debt Burden Index (DBI) declined from a record 83.6 points in 2023 to …
Transnational Corporation Plc (Transcorp Group) has declared a total dividend of ₦20,323,995,148, translating to ₦2.00 per share, for its shareholders at its 20th Annual General Meeting (AGM) held at the Transcorp Centre in Abuja. The dividend comprises an interim payment of ₦4,064,799,030, representing 40 kobo per share, which was paid in August 2025, and a …
The Nigeria Customs Service (NCS) says it is deepening its commitment to global best practices in revenue generation, trade facilitation, and border security through its ongoing Trade Modernisation Project (TMP), a major reform drive aimed at transforming how goods are processed across the country’s entry points. The Comptroller-General of Customs, Adewale Adeniyi, made this known …
The National Pension Commission (PenCom) has said that only seven states and the Federal Capital Territory (FCT) are fully implementing pension reform laws, leaving millions of civil servants uncertain about their retirement future. The Director-General of PenCom, Omolola Oloworaran, reportedly disclosed this on Thursday in Abuja during a consultative session with heads of service from …
Nigeria’s private sector has entered 2026 on a fragile path, with businesses facing rising risks around customers, technology, and talent despite signs of economic recovery. This is according to a new report by the Nigerian Economic Summit Group (NESG), released recently. The report, titled Nigeria Private Sector Outlook 2026: The Productivity Imperative for Nigerian Businesses, …
Rising debt and repeated political standoffs have ended the United States’ long-standing run at a perfect triple-A credit rating, according to DataPro in its Monthly Rating Brief for May. The Nigerian technology-driven Credit Rating Agency noted that for years, the US was widely seen as the safest borrower in the world, with its ability to …
