Nigeria Spends $1bn to Upgrade Telecom Infrastructure   Nigeria’s telecommunications sector is set to experience a dramatic improvement in service quality by the third quarter of 2025, driven by a monumental $1 billion investment in network equipment, the Minister of Communications and Digital Economy, Dr...

CBN Recieves N1.17trn in Bids for Treasury Bills Auction   The Central Bank of Nigeria (CBN)'s latest Treasury Bills auction held on May 21, 2025, drew total bids worth N1.17tn, highlighting the continued strength of investor appetite for government securities amid high inflation and a...

NGX Sees 91% Drop in Foreign Transactions to N63bn   Foreign portfolio transactions on the Nigerian Exchange Limited (NGX) declined sharply by 90.99 per cent in April 2025, falling to N63.07bn from N699.89bn recorded in March, according to the latest Domestic and Foreign Portfolio Investment...

FG Seeks N300bn Through Bond Auction   The Federal Government, through the Debt Management Office (DMO) has announced plans to raise N300bn from the bond market via auction on May 26. According to the offer circular released by the DMO on Thursday, the issuance comprises an...

FG Approves Two Million Households for Cash Transfer Program   The Federal Government has commenced a revalidation exercise of the National Social Register as part of efforts to strengthen the ongoing conditional cash transfer programme aimed at cushioning the impact of economic reforms. So far, a...

NCS Impounds Contraband Worth N1.5bn    The Nigeria Customs Service (NCS) Federal Operations Unit, Zone A, Ikeja, said it intercepted seven 20ft containers of contraband worth N1.5bn between April 23, 2025, and to date. The Customs Area Controller in charge of the unit, Mohammed Shuaibu, announced this...