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Facts & Figures

CBN Raises N700bn From Treasury Bills in August auction

The Central Bank of Nigeria (CBN), acting on behalf of the Debt Management Office (DMO), yesterday offered N700 billion worth of Nigerian Treasury Bills (NTBs) at its second and final auction for August 2026.

Subsidy Removal Saved Nigeria ₦15.8trn in 30 Months — Oyedele

Subsidy Removal Saved Nigeria ₦15.8trn in 30 Months — Oyedele By Kabir Abdulsalam The Federal Government says the removal of fuel subsidy generated ₦15.8 trillion in savings for Nigeria between June 2023 and December 2025, with ₦5.4 trillion accruing to the Federal Government and ₦10.4 trillion...

FAAC Shares N3trn Revenue in July

The Federation Account Allocation Committee (FAAC) has announced the distribution of N3.007 trillion in July revenue among the federal, state and local governments.   

Nigerians Consume Record 1.5m Terabytes in May

Telecom subscribers in Nigeria consumed 1.5 million terabytes of data in May 2026, the highest monthly usage ever recorded, according to figures released by the Nigerian Communications Commission (NCC).

Tax Revenue Doubles to N27trn – NRS

The Nigeria Revenue Service (NRS) says tax collections have more than doubled in less than three years, rising from N12.3 trillion in 2023 to N27.1 trillion as of July 2026.

NAICOM Clears 43 Insurers After Recapitalisation, Eight Await Review

The National Insurance Commission (NAICOM) has confirmed that 43 insurance and reinsurance companies have successfully met the new minimum capital requirements under the Nigerian Insurance Industry Reform Act (NIIRA) 2025.