News

CBN Targets ₦600bn In Treasury Bills Auction As Investors Eye High-Yield One-Year Bills

The Central Bank of Nigeria (CBN) is seeking to raise ₦600 billion at today's Treasury Bills auction, with the one-year instrument expected to attract the strongest investor demand. The auction comes after June's heavily oversubscribed sale, where investors...

2027: Kwankwaso Invokes Azikiwe, Ekwueme, Ojukwu To Push New North/South-East Alliance, Says Nigeria Must Choose Unity Over Division

Kwankwaso calls for renewed political cooperation between Northern Nigeria and the South-East ahead of the 2027 general election. Former Kano governor says reconciliation after the Civil War remains a model for building national unity and inclusive governance. Recalls...

Marketers Reject Dangote’s Dollar Fuel Pricing, Warn Of FX Pressure And Higher Pump Prices

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Independent petroleum marketers have rejected Dangote Refinery's decision to price fuel in US dollars, warning that the move could increase foreign exchange pressure and make petrol prices more volatile. PETROAN and IPMAN argue that domestic fuel should continue...

Sultan Declares Thursday First Day Of Safar 1448AH After Crescent Moon Not Sighted

The Sultan of Sokoto has declared Thursday, July 16, 2026, as the first day of Safar 1448AH after the new crescent moon was not sighted across Nigeria. Muharram 1448AH will complete its full 30-day cycle, with Wednesday, July...

Each Senator Gets Over ₦2bn Annually – Sen Abbo Sparks Debate Over Constituency Project Funds

Ishaku Abbo claims each serving senator now receives over ₦2 billion annually for constituency projects, up from ₦220 million during his tenure. Former senator says he delivered more infrastructure and empowerment projects with smaller allocations than his successor...

In Major Diplomatic Push To Deepen Franco-Nigerian Ties, Tinubu, Macron Set For High-Stakes Abuja Talks

French President Emmanuel Macron will undertake a state visit to Nigeria later this year in a move aimed at strengthening bilateral relations with President Bola Tinubu. Both leaders are expected to review progress on agreements reached during Tinubu's...

Nigeria, Ghana, Ivory Coast Move To Outsmart Global Chocolate Cartel With New Cocoa Export Policy

Nigeria, Ghana, and Côte d'Ivoire are forming a historic alliance to stop exporting cheap raw beans and take control of their own supply. By acting together, these nations want to break the power of global chocolate brands that...

FG Reviews Chinese Firm’s 10,000-Home Proposal To Boost Nigeria’s Affordable Housing Drive

The Federal Government has begun reviewing a proposal by China Hyway Group to deliver 10,000 homes across Nigeria within 30 months using prefabricated construction technology. The proposed development will be financed under an Engineering, Procurement, Construction and Financing...

GTBank Tops Global Banking Rankings, Emerges Best-Performing Bank

GTBank has emerged as Nigeria's Best Overall Performing Bank in The Banker's Top 1000 World Banks Rankings 2026, securing top positions in overall performance, efficiency and financial soundness. The ranking comes as Nigerian banks navigate a more demanding...

Nigerian Stock Market Rebounds as First Holdco Rally Lifts Investors’ Wealth by ₦720 Billion

The Nigerian stock market recovered ₦720 billion in investor wealth on Tuesday as bargain hunting returned after Monday’s broad sell-off, pushing market capitalisation back to ₦155.849 trillion. First Holdco climbed 9.98 percent to lead the banking sector rally,...
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UEFA Refuses To End FIFA World Cup Boycott Despite Infantino’s U-Turn

UEFA has confirmed it will continue its boycott of FIFA's men's and women's World Cups despite Gianni Infantino...
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