FG Sells N100bn 2018 SUKUK Bond, Clamps Down on Funding The federal government has completed the payment of the N100bn SUKUK bond it subscribed to in 2018. A statement by Professor of Islamic Law of Banking and Finance, University of Ilorin, Ilorin, Prof. AbdulRazzaq A. Alaro,...

Bank Loans to Manufacturers Drops by N2.17trn    Manufacturers have sharply reduced their exposu re to bank loans in the past year, repaying an estimated N2.17tn as high interest rates and rising operating costs weigh on the sector. Figures from the Central Bank of Nigeria’s latest quarterly...

Nigeria’s Foreign Equity Trades Remain Stuck Below N200bn   Foreign investors maintained a cautious posture in Nigeria’s equity market in November 2025, as total foreign equity transactions on the Nigerian Exchange Limited remained below N200bn for the second consecutive month, reinforcing signs of subdued offshore participation...

Marketers to FG: Probe N11.35trn Spent on NNPC Refineries   The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has demanded that authorities fully account for an estimated N11.35tn reportedly spent on the rehabilitation of state-owned refineries, warning that continued opacity undermines confidence in the...

Banks' Bad Loans Surge as CBN Ends Forbearance   Nigeria’s banking sector recorded a rise in bad loans in 2025 after the Central Bank of Nigeria withdrew the regulatory forbearance granted to lenders during the COVID-19 pandemic, according to the apex bank’s latest macroeconomic outlook report. The...

Naira Ends 2025 Strong at ₦1,429/$1, Steady at Parallel Market on Jan 1 The naira closed 2025 on a positive note, settling at ₦1,429/$1 on December 31 at the Nigerian Foreign Exchange Market (NAFEM). In contrast, the local currency sustained its strength for the fourth consecutive...