Fit Row

FG raises N7.62tn from bond market in eight months The Federal Government has raised N7.62tn from the domestic bond market between January and August 2026 as it continues to tap the fixed-income market to finance its budget and other fiscal... Read More →

Amid N36.2tn Subscription, CBN Raises N14.5tn via TBs as 364-day Bills Dominate Boosted by investors desire for 364-day bills in search of yield certainty, the Central Bank of Nigeria (CBN) raised an estimated N14.5 trillion via the Nigerian Treasury Bills... Read More →

Heirs Insurance Announces N115bn Premium, Pays N19.4bn Claims Heirs Insurance Group (HIG), has announced a gross written premium of N115 billion. The group announced this in its audited financial results for the year ended December 31, 2025. The N115 billion... Read More →

CBN to sell N700 billion Treasury Bills today in second August auction The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), will offer N700 billion across the 91-day, 182-day and 364-day Treasury Bills tenors in... Read More →

Banks account for 92% of NFIU suspicious reports The Nigerian Financial Intelligence Unit has disclosed that banks, fintech companies and other reporting entities submitted 42,082 Suspicious Transaction Reports to the agency in 2025. The figure was contained in the NFIU’s... Read More →

Firm unveils SEC-approved $150m climate fund AFC Capital Partners, the asset management subsidiary of the Africa Finance Corporation, has launched its $150m Infrastructure Climate-Resilient Fund in Nigeria following regulatory approval from the Securities and Exchange Commission. The formal signing ceremony,... Read More →

Nigeria’s rate dilemma pits investors against manufacturers Nigeria’s monetary authorities face a difficult policy balancing act, which is to lower interest rates to make credit more affordable for businesses and households, or keep borrowing costs high to preserve the high... Read More →

Nigeria’s foreign reserves gain $7bn in eight months Nigeria’s external reserves have added $7.09 billion since the start of 2026, rising to $52.66 billion by 19th August, as the country’s foreign exchange position continues to strengthen. Figures from the Central... Read More →

NGX sheds N137bn as banking, insurance stocks slide The Nigerian equities market extended its bearish trend on Monday as investor sell-offs pushed key indicators further into negative territory. The All-Share Index dropped by 265.99 points to close at 239,085.17, representing... Read More →

Seplat leads as energy firms post N2.57tn revenue Nigeria’s listed energy companies recorded about N2.57tn in combined revenue in the first half of 2026, but their performances varied, with Seplat Energy posting strong growth while power generators Geregu Power and... Read More →