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Nigerians spend more as air, ‘okada’ fares spike in February

Nigerians faced higher commuting costs in February 2026 as airfares and motorcycle transport charges recorded notable increases, pushing overall transport expenses upward despite a slight drop in intercity bus fares, according to the National Bureau of Statistics (NBS).

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FGN Bonds record 4% oversubscription in March auction

By Elizabeth Adegbesan The Federal Government of Nigeria (FGN) bond auction in March 2026 saw strong investor demand, recording a 4.28% oversubscription, the Debt Management Office (DMO) disclosed yesterday. Investors bid N931.5 billion for bonds worth N750 billion, though total allotments fell 7.4% to N485.49 billion, down from N524.28 billion in February. Three instruments were offered […]

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CBN orders banks, fintechs to submit Cybersecurity report in 3 weeks

By Elizabeth Adegbesan The Central Bank of Nigeria has directed banks and other financial institutions to submit detailed reports on their cybersecurity frameworks within three weeks, in a move to strengthen oversight and safeguard the financial system against rising digital threats. In a circular to Deposit Money Banks (DMBs), Payment Service Banks, Microfinance Banks, fintechs and […]

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Dangote Refinery secures $4bn syndicated loan, Afreximbank underwrites $2.5bn

By Udeme Akpan The African Export-Import Bank has underwritten $2.5 billion of a $4 billion senior syndicated term loan for the Dangote Petroleum Refinery and Petrochemicals. A syndicated loan is a financing arrangement involving a large sum of money provided by a group of lenders. In a statement confirming the deal, Afreximbank disclosed that it […]

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