•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 in Open Market Operations, OMO, opening the market to individuals, corporates and non-bank financial institutions. The restriction was introduced in 2019, in a bid to […]

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 a 100 percent subscription rate, the bank has secured critical, cost-effective short-term funding that will enable it to scale its mortgage financing operations and accelerate […]

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, from 48 million litres per day recorded in the corresponding period of 2025. This represents a decline of about 600,000 litres per day over the […]

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 a Nigerian citizen and three Nigerian companies sanctioned by the United States Government for allegedly facilitating financial transactions connected to the Islamic State of Iraq […]

The decline, based on secondary sources cited by OPEC, represents a 2.3 per cent month-on-month reduction in the country’s crude oil output.