Hafsat Ibrahim

The Invisible Frontline: Nigeria’s Quiet War on Terrorist Financing, by Femi Adeola

Increasingly, governments are discovering that one of the most effective ways to weaken terrorist organisations is not merely to target the fighters, but to dismantle the financial networks that sustain them.

Despite Digital Drive, Cash Outside Banks Remains Over ₦5trn – CBN

Nigerians held ₦5.19 trillion outside the banking system as of May 2026, underscoring the dominance of cash transactions despite years of investment in digital payments and financial inclusion, according to Central Bank of Nigeria (CBN) data.

Net Domestic Credit Rises 20% Year-on-Year

Credit to Nigeria’s private sector rose to ₦81.04 trillion in May 2026, up slightly from ₦80.59 trillion in April, according to new data from the Central Bank of Nigeria (CBN).

Manufacturers Warn as Sector Credit Falls ₦1.9trn

The Manufacturers Association of Nigeria (MAN) has warned of mounting financial pressure after bank credit to the sector fell by ₦1.92 trillion, dropping from ₦8.53 trillion in December 2024 to ₦6.61 trillion in December 2025.

SEC Bans Dangote Refinery IPO Promotions

The Securities and Exchange Commission (SEC) has banned the sale, marketing, and promotion of the Dangote Petroleum Refinery & Petrochemicals FZE IPO, warning that no application has been filed or approved for such an offering.

FG Approves Fresh Petrol, Diesel Import Permits

The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has approved new import permits for petrol and diesel covering July–September 2026, according to a report by Argus Media.
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