Nigeria’s latest Treasury Bills auction witnessed massive investor demand, attracting ₦2.78 trillion in subscriptions. This by far exceeding the ₦850 billion initially offered by the Central Bank of Nigeria. The Treasury Bills Primary Market Auction, conducted on March 11, 2026, recorded subscriptions that were about 227% higher than the amount offered, highlighting strong investor appetite…
A new study has revealed that Nigeria’s poverty rate surged to 63% following the removal of the petrol subsidy. Highlighting the significant economic hardship many households have faced since the reform introduced. The findings presented during a policy dialogue organized by Agora Policy in Abuja. Where experts and stakeholders gathered to assess the impact of…
China has reportedly warned that it may shut down one of Nigeria’s communications satellites. Especially if the country fails to settle an outstanding $11.4 million debt, raising concerns about the future of critical space and communication infrastructure. The satellite in question is operated by the National Space Research and Development Agency. Which oversees Nigeria’s space…
President Bola Ahmed Tinubu has approved the nomination of Lamido Abubakar Yuguda as a Deputy Governor of the Central Bank of Nigeria (CBN). The nomination, which is subject to confirmation by the Nigerian Senate, was announced in a statement. Which released by Bayo Onanuga, the president’s Special Adviser on Information and Strategy. Nomination in Line…
Leading fintech company PalmPay is expanding its network of physical offices across Nigeria. As part of a broader strategy to deepen financial inclusion and bring banking services closer to underserved communities. The company currently operates 28 offices nationwide, and the expansion highlights the growing recognition. Which digital banking alone may not fully meet the needs…
NNPCL (The Nigerian National Petroleum Company Limited), reduced the pump price of petrol at its retail outlets. The company set the new rate at N1,130 per litre in Lagos. It also fixed the price at N1,165 per litre in Abuja. This change took effect on Wednesday. Motorists See Significant Savings Motorists previously paid N1,230 per…
Nigeria’s electricity situation could deteriorate further in the coming weeks as gas suppliers have reportedly stopped supplying gas to several thermal power plants due to an estimated ₦3.3 trillion debt owed by power generation companies. The development disclosed by Joy Ogaji, Chief Executive Officer of the Association of Power Generation Companies. Who warned that the…
Meta announced on Monday that it will impose new “location fees” on advertisers beginning July 1, 2026. The company introduced these charges to offset Digital Services Taxes and other local levies imposed by governments in specific markets. The surcharges will apply to all advertisements delivered to users located in the United Kingdom, France, Italy, Spain,…
The African Democratic Congress (ADC) has asked the federal government to introduce a temporary cap on petrol prices to prevent further increases in the cost of living. The party said the measure would help protect Nigerians from the effects of rising fuel prices. In the wake of the ongoing US-Israel war with Iran, fuel prices…
The Association of Table Water Producers (ATWAP) in Kano has announced a new price increase for sachet water—popularly known as “pure water”—raising the cost of a bag from ₦220 to a minimum of ₦300. The decision, according to the association, was driven by the sharp rise in the cost of production materials. Which has made…
