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FG increases domestic borrowing by 241%

By Elizabeth Adegbesan  As part of the Federal Government (FG) borrowing plan for the 2026 budget, the Central Bank of Nigeria, CBN, has issued Treasury Bills, TBs, to raise N5.8 trillion in the third quarter of 2026 (Q3’26). This represents a 241 percent year-on-year (YoY) increase when compared to N1.76 trillion sold in Q3’25. CBN disclosed […]

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Rev360 Crash: LCCI demands CIT deadline extension, penalty waiver

By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has urged the Nigeria Revenue Service (NRS) to immediately extend the June 30, 2026 deadline for filing Company Income Tax (CIT) returns by one month. This, according LCCI, follows what it saw as widespread technical failures on the newly deployed Rev360 tax platform that left […]

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Stock market: Investors lose N13.3trn in June amid profit-taking

•FTSE Russell delays Nigeria’s Frontier Market status   over T+1 concerns By Peter Egwuatu The Nigerian stock market ended June on a bearish note, with investors losing a whopping N13.3 trillion in the value of their investments listed on the Nigerian Exchange Limited (NGX) on a month-on-month (MoM) basis, the highest monthly loss recorded in the first […]

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