Treasury Bills Drive N1.06tn Fixed-Income Surge In One Session
Nigeria’s fixed-income market posted one of its strongest single sessions of the year as…
Treasury Bills Drive N1.06tn Fixed-Income Surge In One Session
Nigeria’s fixed-income market posted one of its strongest single sessions of the year as total turnover crossed the N1tn mark, with investors pouring capital into short-dated government paper offering near-22 per cent returns. Data from the Central Bank of Nigeria’s official Fixed Income Dashboard, released on Thursday, 4 June 2026, showed market turnover reaching…
PIA Reforms Lift Nigeria’s Domestic Gas Sales By 30% – Report
Nigeria’s domestic gas market posted a roughly 30 per cent rise in sales between January 2022 and January 2025, a gain attributed to reforms under the Petroleum Industry Act 2021 and a series of executive orders signed by President Bola Tinubu, according to a legal analysis by Lagos-based law firm Tope Adebayo LP. The…
NARD Sounds Alarm As 30 Doctors Assaulted In One Year
A doctor is attacked roughly once every two weeks in Nigeria’s hospitals, fresh figures from the Nigerian Association of Resident Doctors have shown, laying bare the deepening risks frontline health workers face in the very institutions where they save lives. No fewer than 30 resident doctors were assaulted across Nigeria within the last year,…
Telecoms Generated $810bn For Governments In 2025, GSMA
Telecommunications has cemented its place as one of the largest single contributors to public finance worldwide, with the global mobile industry generating more than $810 billion in tax revenues for governments in 2025, underlining its widening role in digital transformation, economic growth, and public sector financing. The figure, contained in the GSMA’s The Mobile…
Ekiti Poll: ADC Confident As Babatola Cites APC, PDP Crises
The deputy governorship candidate of the African Democratic Congress, Chief Ayodeji Babatola, has expressed confidence that the party will win Saturday’s governorship election, citing what he described as strong public support for its development-focused agenda in Ekiti State. Babatola said the ADC’s campaign promises had resonated with residents who, according to him, were attracted…
US, Iran Agree To End War As Hormuz Reopens
The United States and Iran have reached an agreement to end their war on all fronts, including Lebanon, and reopen the vital Strait of Hormuz, though the two sides offered little clarity on the thorny question of Tehran’s nuclear programme. Washington and Islamabad said the agreement would be signed on Friday in Switzerland, signalling a…
Lawmakers Fulfil Just 22 of 92 Tracked Promises, Civic Group Reports
A fresh assessment of the 10th National Assembly has found that lawmakers failed to deliver 68 of 92 legislative commitments tracked since the start of their tenure, with the House of Representatives recording an overall fulfilment score of 26.8 per cent and the Senate 44.11 per cent. The report, released on Sunday by civic-tech…
Naira Holds Steady at 1,360 Against US Dollar
The Nigerian naira opened the week with relative stability against the United States dollar on Monday across both the official and parallel foreign exchange windows. Financial sector data showed the domestic currency trading at an average of 1,360.71 naira per dollar at the official foreign exchange market. This current baseline represents a minimal, steady movement…
Trump and Iran Agree to Historic Peace Deal to End War
The United States and Iran have agreed to a comprehensive peace deal that mandates an “immediate and permanent” termination of military operations on all fronts, including Lebanon. Pakistani Prime Minister Shehbaz Sharif, who acted as the primary mediator throughout the intensive 104-day conflict, announced the breakthrough on Sunday evening. Minutes later, U.S. President Donald Trump…
Outrage as IMF Advises FG to Impose VAT on Fuel
The International Monetary Fund has sparked widespread public concern and sharp economic anxiety across Nigeria by advising the Federal Government to introduce Value Added Tax (VAT) on premium motor spirit (petrol) and other fuel products. In its latest country assessment report, the Washington-based lender argued that levying a standard VAT on petroleum products is essential…