Fitch Ratings has warned that Nigeria’s proposed $5bn total return swap (TRS) financing deal could expose the country to new debt-management and liquidity risks, despite offering short-term funding benefits.
Domestic crude supply to refineries fell to 15.84 million barrels in May 2026, down from 17.96 million barrels in April, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
Nigeria’s ministries, departments and agencies (MDAs) spent ₦11.85bn on fuel for vehicles and generators between January and April 2026, more than double the ₦5.55bn spent in the same period of 2025.
The Federal Government attracted ₦1.41 trillion in investor bids at its June 2026 bond auction, surpassing the ₦1.2tn offered, according to the Debt Management Office (DMO).
Nonprofit organisation Bountiis has reaffirmed its commitment to women's emotional wellness and personal development through the fourth edition of its Rise & Thrive programme, held at the University of Lagos.
