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Recapitalisation: CBN Directs Banks to Begin Stress Tests April 1

The Central Bank of Nigeria (CBN) has directed all commercial banks to conduct stress tests from April 1, 2026, as the March 31 recapitalisation deadline approaches.

FG Securities, Equities Dominate N28trn Pension Assets

Nigeria’s pension fund assets rose to ₦28.04 trillion as of January 31, 2026, with Federal Government securities and domestic equities accounting for 74.85% of the total portfolio, according to the National Pension Commission (PenCom).

DisCos Revenue Falls to N207bn in December – NERC

Nigeria’s 11 electricity distribution companies (DisCos) generated a combined ₦207.49bn in December 2025, slightly down from ₦208.78bn in November, according to the latest NERC factsheet.

NNPC Turns to Foreign Crude to Support Dangote Refinery

The Federal Government, through the Nigerian National Petroleum Company Limited (NNPC), has begun sourcing crude oil from international traders to sustain operations at the Dangote Petroleum Refinery, amid mounting fuel price hikes.

FAAC Transfers N11.5bn to Budget Sub-Committees

The Federation Account Allocation Committee (FAAC) has approved the transfer of ₦11.5bn from the 0.5% Stabilisation Fund to finance its sub-committees working on the 2026 national budget framework.

Debt Servicing Exceeds Capital Spending by N3.9trn

Nigeria spent ₦27.2tn servicing public debt between 2024 and 2025, exceeding capital expenditure by ₦3.9tn, according to a media brief from the Federal Ministry of Finance.