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...

FG Sets Up N500bn Emergency Security Fund to Combat Banditry   About N500bn was deducted from the Federation Account Allocation Committee (FAAC) revenue for May 2026 to fund a national security emergency intervention, multiple sources familiar with the development said. The deduction was made before the monthly...

Tinubu Unveils N4tn Power Sector Rescue Plan, Targets Improved Electricity Supply ‎ ‎President Bola Ahmed Tinubu has unveiled a fresh N4 trillion intervention plan aimed at revitalising Nigeria’s struggling electricity sector, describing reliable power supply as a critical component of his administration’s economic transformation agenda. ‎ ‎Speaking during...