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FGN Bonds record 4% oversubscription in March auction

By Elizabeth Adegbesan The Federal Government of Nigeria (FGN) bond auction in March 2026 saw strong investor demand, recording a 4.28% oversubscription, the Debt Management Office (DMO) disclosed yesterday. Investors bid N931.5 billion for bonds worth N750 billion, though total allotments fell 7.4% to N485.49 billion, down from N524.28 billion in February. Three instruments were offered […]

We must urgently tackle Africa’s $88bn illicit financial flows — Edun

Emma Ujah, Abuja Bureau Chief Nigeria and other African countries must urgently address the $88 billion in annual Illicit Financial Flows (IFFs), the Minister of Finance and Coordinating Minister of the Economy, Mr. Olawale Edun, has said. Speaking at the opening of the 5th Sub-Committee on Tax and IFFs of the African Union’s Specialized Technical Committee […]

Nigeria’s oil exploration drops 45% on limited activities

By Udeme Akpan, Energy Editor Nigeria’s oil exploration declined by 45 per cent month-on-month (MoM) in February 2026, driven by reduced upstream activities. Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that the nation’s rig count  a key indicator of upstream oil and gas activity  fell to 22 in February 2026, down from 40 recorded […]

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