Business
CBN reverses OMO restriction, opens market to local investors
•Lifts suspension on Tenored Repo •Retains control over scale, timing of OMO By Babajide Komolafe The Central Bank of Nigeria, CBN, yesterday reversed its seven years restriction on participation of local investors
Investors snap up AG Mortgage Bank’s N3.97b CP with 100% subscription
By Babajide Komolafe AG Mortgage Bank Plc has significantly bolstered its liquidity position after investors completely snapped up its N3.97 billion Series 2 and 3 Commercial Paper (CP) issuance. By achieving
Petrol consumption falls by 600,000 litres/day
By Ediri Ejoh Nigeria’s daily consumption of Premium Motor Spirit (PMS), otherwise known as petrol, fell by 1.27 per cent to 47.4 million litres per day (ML/D) year-on-year (YoY) in June 2026,
SEC orders operators to freeze ISIS-linked accounts
By Peter Egwuatu & Chukwunonso Okolo The Securities and Exchange Commission (SEC) has directed operators in Nigeria’s capital market to immediately identify and freeze funds, assets and other economic resources linked to
Nigeria’s oil output falls 37,000bpd to 1.546m bpd — OPEC
By Udeme Akpan, Energy Editor Nigeria’s crude oil production, excluding condensate, fell by 37,000 barrels per day, bpd, to 1.546 million bpd in July 2026, from 1.583 million bpd in
MTN Engages Undergraduates on Career Pathways in Technology, Finance
MTN Nigeria recently hosted undergraduates from the University of Lagos (UNILAG) and Yaba College of Technology (YABATECH) for an immersive career engagement session. The event exposed students to career opportunities
Firms Commits to Youth Empowerment on International Youth Day
As the world marks International Youth Day, attention has again turned to the opportunities and challenges facing young people as they prepare for work, financial independence, and adulthood. In Nigeria,
GITEX Nigeria Set to Reinforce Nation’s Digital Transformation Ambition
The second edition of GITEX Nigeria, West Africa’s largest Tech, Artificial Intelligence (AI) and Startup event, which spotlights Nigeria’s progress from aspiration to action, reinforcing its position as one of
Google Selects Six Nigerian Creators for Emerging News Voices Growth Lab
Stories by Emma Okonji The Google News Initiative (GNI) has selected six Nigerian independent news creators to join the sub-Saharan Africa cohort of the Emerging News Voices Growth Lab. They
NIMASA, Nigerian Navy Renew MoU to Strengthen Collaboration
Eromosele Abiodun The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Navy have renewed their strategic partnership with the endorsement of a Memorandum of Understanding (MoU) to strengthen
