NGX Group advocates stronger capital market integration into monetary policy framework
By Peter Egwuatu Group Managing Director/CEO, Nigerian Exchange Group (NGX Group), Temi Popoola, has urged the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) to treat capital market development as a macroeconomic necessity, arguing that the effectiveness of monetary policy increasingly depends on the depth, liquidity, and coherence of Nigeria’s financial markets. Popoola made this […]
Capital market: T+1 settlement cycle takes off June 1 — SEC
By Peter Egwuatu The Securities and Exchange Commission, SEC has announced the transition to a T+1 settlement cycle for equities and commodities transactions with effect from Monday June 1, 2926. The Commission in a notice, outlined a comprehensive framework that all capital market operators and relevant stakeholders are encouraged to adopt in preparation for this significant […]
Nigeria’s oil exploration declines 41.7% as rig count falls — OPEC
By Udeme Akpan Nigeria’s oil exploration and drilling activities declined by 41.7 per cent in April 2026, following reduced upstream operations and investment activities. According to the May 2026 Monthly Oil Market Report, MOMR, of the Organization of the Petroleum Exporting Countries, Nigeria’s rig count – a major indicator of upstream oil and gas activities – […]
FGN bonds record 32% oversubscription in May auction
Strong investors demand for the Federal Government of Nigeria (FGN) debt instrument continues in May as the government’s bond auction in May 2026 recorded a 32.8% oversubscription.
FG unveils plans to revive textile sector, targets 1.5m jobs
…As Nigeria’s cotton output crashes by 95% By Yinka Kolawole The Federal Government has intensified efforts to revive Nigeria’s Cotton, Textile and Garment, CTG, industry, following a 95 percent decline in the country’s cotton production from about 200,000 metric tonnes in 2001 to roughly 10,000 metric tonnes in 2025. Minister of State for Industry, Senator […]
FG opens new veterinary centres to expand livestock healthcare
By Cynthia Alo The Federal Government, in a bid to improve livestock healthcare delivery, has completed and handed over new Veterinary Primary Health Centres in Lagos and Ogun states. The centres, located in the Epe area of Lagos and Ijebu Igbo in Ogun State, are part of the Federal Ministry of Livestock Development’s nationwide plan to […]
