CBN to Sell N2 Trillion Treasury Bill This Month – Largest in 2026
The Central Bank of Nigeria will auction N2 trillion in treasury bills in July 2026, the largest monthly sale this year, aiming to manage liquidity and control inflation.
Category : Business
Three SEC-Registered Funds Announced for Investors
The Securities and Exchange Commission (SEC) has registered three new funds, expanding investment options for Nigerian investors. Learn about the funds and their features.
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Pulse Marketing drove 63K helpline calls in conservative Nigeria
Pulse Marketing's data-driven campaign for the 7790 sexual health helpline in Nigeria generated 63,000 verified calls by prioritizing privacy and cultural sensitivity.
FG Urges Dangote, Marketers to Cut Petrol Prices
The federal government has called on Dangote Refinery and fuel marketers to lower petrol prices, reflecting declining global crude oil costs, in a meeting convened by NMDPRA.
Emmanuel Nnorom to Succeed Tony Elumelu as UBA Chairman
Emmanuel Nnorom has been named incoming chairman of UBA, succeeding Tony Elumelu after 21 years. The transition reflects UBA's governance renewal.
US ends search for Navy pilot lost in helicopter crash
The US military suspended its search for a missing sailor from an MH-60S Sea Hawk helicopter that crashed in the Arabian Sea on July 1, after 102 hours of searching over 14,000 square miles.
West African Energy Leaders Head to Scotland for Partnerships
Senior West African energy executives will travel to Aberdeen, Scotland, in September 2026 for a high-level delegation focused on strategic partnerships, investment, and the region's energy transition.
Federal Workers Demand N300,000 Minimum Wage, Arrears Payment
Federal workers demand N300,000 minimum wage and immediate payment of outstanding arrears, citing economic hardship and rising cost of living.
FG Warns Marketers on Old Stock to Justify High Petrol Prices
Nigeria warns petroleum marketers not to use old expensive inventories to keep petrol prices high, insisting lower replacement costs must benefit consumers.
Nasarawa Bans School Football Matches Over Vandalism
Nasarawa State Government bans football matches and games in school premises to prevent damage to facilities, citing repeated vandalism incidents.
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MTN CEO: Company Belongs to Nigerians, Not South Africans
MTN Nigeria CEO Karl Toriola clarifies local ownership, citing over 201,000 direct shareholders and 11 million indirect owners via pension funds. He defends tariff hike and blames network issues on fibre cuts, vandalism, and unstable power.
CBN Triggers Record T-Bill Squeeze with N2 Trillion July Issuance
The CBN's N2 trillion T-bill issuance plan for July 2026 has triggered a record squeeze in the market, driving yields sharply higher as liquidity tightens.
NAHCO Appoints Wolemi Esan, FirstBank Executive as Directors
NAHCO Plc has appointed Wolemi Esan (SAN) and FirstBank executive Dr Julius B. Omodayo-Owotuga as Non-Executive Directors effective July 1, 2026, following the retirement of two long-serving directors.
Tony Elumelu Retires as UBA Chairman, Nnorom Succeeds
Tony Elumelu has retired as Chairman of United Bank for Africa (UBA) after 27 years, with Emmanuel Nnorom appointed as his successor, effective July 2026.
NNPC Reduces Petrol Price: 10 States With Lowest Rates
NNPC has reduced petrol prices across Nigeria, with Lagos and Ogun recording the lowest at N1,170 per litre, while Yobe has the highest at N1,395 per litre.
Nigeria Slashes Import Levy on Vehicles; Dealers Warn Prices May Not Drop
Nigeria reduces import levy on new cars from 20% to 10% and used cars from 15% to 5%, but dealers warn exchange rate and logistics costs may prevent price drops.
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All On Marks 10 Years with Renewable Energy Leaders in Lagos
All On celebrated its 10th anniversary with a dinner and fireside chat in Lagos, convening renewable energy leaders to shape the next decade of energy access in Nigeria.
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Cutix Plc showcases quality cables at AIHS 2026
Cutix Plc, a leading Nigerian cable manufacturer, showcases fire-retardant cables at AIHS 2026, emphasizing safety to combat substandard cables linked to 70% of fire outbreaks.
Zedvance Appoints Prof. Pius Deji Olanrewaju Chairman
Zedvance, a Nigerian fintech, has appointed Professor Pius Deji Olanrewaju as Chairman of the Board, effective immediately, to strengthen governance and strategic growth.
Danmotech gifts barber ₦5 million after salon visit
Delta billionaire Chief Dr. Daniel Omoyibo (Danmotech) gifted a barber ₦5 million after a chance encounter at a salon, helping him start his own business.
AI Stock Craze: Why Global Market Access Needs Caution
Nigerian investors chasing AI stock gains should practice caution due to volatility, currency risks, and regulatory gaps in global market access.
Creditville Group Continues Operations After CBN Action
Creditville Group confirms all subsidiaries remain operational following CBN regulatory action, assuring customers of uninterrupted services across its lending, banking, and investment platforms.
Dangote Refinery Opens Petrol Sales to All Marketers, Reduces Price
Dangote Refinery opens petrol sales to all licensed marketers, ending consortium arrangement, and reduces ex-gantry price to N1,075 per litre.
Tangerine Life Pays ₦9bn in 2025 Claims, 24-Hour Settlement
Tangerine Life Insurance paid over ₦9 billion in claims in 2025, maintaining its industry-first 24-hour settlement policy for verified claims, according to its Managing Director.
Access Bank Cup 2026 Showcases Partnerships Beyond Banking
The Access Bank Cup 2026 demonstrated the power of strategic partnerships beyond banking, fostering community development and sports excellence in Nigeria.
Dangote Refinery Ends Nigeria Jet A1 Scarcity, Price Pressure
Ardova GM confirms Dangote Refinery has ended Nigeria's Jet A1 scarcity, but price pressures persist due to pricing and supply chain challenges.
Naira Holds Firm as CBN Hawkish Stance Boosts FX Stability
The naira remains stable as the CBN's hawkish monetary policy and increased oil production bolster foreign exchange reserves, reducing pressure on the currency.
Dangote Refinery Slashes Petrol Price by N200
Dangote Refinery has cut its ex-depot petrol price by over N200 per litre since May 30, 2026, with the latest reduction to N1,075. Further cuts are expected as cheaper crude inventories enter production.
Corn seller claims N2.5 million monthly profit sparks debate
A Nigerian woman who sells roasted corn claims she earns N2.5 million monthly, reigniting debate about low-capital businesses after First Lady Remi Tinubu's advice.
NNPCL Slashes Petrol Price N110 in Two Weeks, Now N1,150
NNPCL cuts petrol price to N1,150 per litre, a N60 reduction, totaling N110 in two weeks amid falling crude oil and competition from Dangote Refinery.
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