CBN Rakes in N804bn Through Open Market Auction   The Central Bank of Nigeria (CBN) has raised a total of N804.85bn at its Open Market Operations auction conducted on Monday, April 29, 2025, as investors continued to chase high-yield securities amid excess liquidity and elevated inflation...

CBN Introduces Bills To Mop Up Surplus Funds         The Central Bank of Nigeria (CBN) has introduced special bills as part of an effort to absolve excess liquidity and deepen the financial market, saying the move will avail it with an additional liquidity management tool. The circular...

NERC Moves To Stop Abuse Of Estimated Electricity Bills The Nigerian Electricity Regulatory Commission (NERC) has disclosed it will stop the widespread abuse of its estimated electricity billing methodology by the 11 electricity distribution companies (Discos) in the country, and in this regard invited stakeholders...

‘S’East LGAs Pay N28bn Annually On Estimated Power Bills’ A civil society organisation (CSO) – the Association for Public Policy Analysis – has alleged that about 95 local government areas in the five south eastern states of Anambra; Enugu; Ebonyi; Abia; and Imo expend up...

Acting President, Prof. Yemi Osinbajo, has written to the Senate, saying he has withdrawn assent to four bills passed by the National Assembly. The bills are Dangerous Drugs Amendment Bill 2016, National Lottery Commission Bill 2016, Agricultural Credit Guarantee Scheme Fund 2016, and Currency Conversion...