July 31, 2026

NNPC to acquire Seplat’s 10% JV for $281.6m Seplat Energy Plc has announced an agreement to sell a 10 per cent interest in the NNPCL-SEPNU Joint Venture to the Nigerian National Petroleum Company Limited for $281.6m, saying the transaction is... Read More →

34 institutions face sanctions over forex rule violations The Central Bank of Nigeria uncovered foreign exchange regulatory breaches by some authorised dealers after conducting a routine examination of 34 institutions, according to its 2025 Annual Report and Statement of Accounts.... Read More →

CBN cuts one-year T-bill yield after N3.62tn bids The Central Bank of Nigeria reduced the stop rate on its one-year treasury bill at Wednesday’s primary market auction after investors submitted overwhelming bids, reflecting sustained appetite for longer-dated government securities. Auction... Read More →

Banks refund N19bn, $329m after customer complaints The Central Bank of Nigeria has disclosed that financial institutions refunded N19.12bn and $329.3m to customers in 2025 following the resolution of 18,824 consumer complaints, while banks and other financial institutions were sanctioned... Read More →

NASD launches first digital securities platform Nigeria’s over-the-counter securities market, NASD OTC Securities Exchange, has launched a regulated digital securities market, becoming the country’s first exchange to offer a platform for issuing and trading tokenised securities. The NASD Digital Securities... Read More →

Private sector FX outflows jump 165% to $16.3bn Foreign exchange outflows through autonomous channels rose by more than 160 per cent in 2025, reflecting increased private-sector demand for foreign exchange despite stronger inflows into the economy, according to the Central... Read More →