CBN bags NES Award for economic reforms
By Babajide Komolafe The Central Bank of Nigeria (CBN) has received the Nigerian Economic Society’s (NES) Distinguished Organisation Award in recognition of its institutional reforms and contributions to Nigeria’s macroeconomic stability and economic development. The award was presented at the 67th Annual Conference of the NES, held in Abuja from September 7 to 10, 2026. […]
FGN bond records 307% oversubscription in October auction
By Elizabeth Adegbesan Debt Management Office (DMO) yesterday said that the FGN Bond auction for October recorded 307.6 percent oversubscription reflecting a surge in investors’ demand. The DMO disclosed this in its 2025 FGN bond auction results which showed subscriptions of N1.06 trillion against the N260 billion offered with allotments declining by 45.5 percent to […]
Manufacturers demand policy support as Confidence Index rises to 50.7
•Capacity utilisation rises to 61.3% in H1 By Yinka Kolawole Manufacturers have called for stronger and more consistent policy support to sustain Nigeria’s fragile industrial recovery, as the Manufacturers’ Confidence Index (MCCI) rose marginally to 50.7 points in the third quarter of 2025 (Q3’25) from 50.3 points in the previous quarter (Q2’25), reflecting cautious optimism among […]
OML 42: Neconde, a subsidiary of Nestoil raises oil production to 50,000 barrels daily
Nigeria’s crude oil production has received a major boost, with Neconde, a subsidiary of Nestoil and one of the country’s foremost indigenous independent producers hitting 50,000 barrels per day on Oil Mining Licence (OML) 42 as of May 2025.
CBN refutes $1.3bn fuel import FX report
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has refuted the report that it allocated $1.269 billion foreign exchange for the importation of petroleum products in the first quarter of the year.“It said in a statement yesterday that the report was misleading and inaccurate. “The Central Bank of Nigeria (CBN) has noted […]
Abia to explore opportunities across key sectors with investment summit
By Providence Ayanfeoluwa The Abia State Government has announced plans to leverage the forthcoming Abia–Turkiye Investment Summit and Product Exhibition to attract investors and unlock opportunities across key sectors including manufacturing, agriculture, textiles, energy, and infrastructure. The event, themed “Bridging Continents, Unlocking Prosperity,” is scheduled to hold from November 25 to 27, 2025, at the […]
