Renewable Energy Adoption to Save Nigeria $121bn - Tegbe   The Federal Government has said Nigeria stands to save $121bn in fuel costs by transitioning to a power generation mix comprising 90 per cent renewable energy, describing the projected savings as a major economic benefit for...

Manufacturing Credit Drops by N1.92trn as Funding Gaps Widen   The Manufacturers Association of Nigeria (MAN) has blamed the sharp decline in credit to the manufacturing sector on the Federal Government’s failure to implement the promised N1tn Manufacturing Stabilisation Fund, high lending rates, structural bureaucracy and...

FG Sets N200bn Capital Target for New Cooperative Bank   The Federal Government on Thursday unveiled plans to raise N200bn in share capital for a proposed Cooperative Bank of Nigeria as part of efforts to strengthen financial inclusion, support farmers, artisans and small businesses, and reposition...

Banks Lost N134bn to Fraudsters - CBN Banks and their customers lost a combined N134.48bn to fraud between 2020 and 2025 amid a significant expansion in digital payments and financial technology adoption across the country, according to data contained in the Central Bank of Nigeria’s...

DMO Eyes N1.2trn from Major Bond Reopenings   The Debt Management Office (DMO) acting on behalf of the Federal Government of Nigeria, plans to raise N1.2tn through the reopening of two Federal Government of Nigeria bonds at an auction scheduled for 22 June 2026. According to the...

NEC Cuts Flood Prevention Fund by 50%, Approves N83bn   The National Economic Council (NEC) on Thursday approved N83.21bn for the implementation of an Anticipatory Action Task Force to mitigate the impact of flooding and other climate-related disasters nationwide. This came as the Council held its 158th...