Osun Challenges Account Restriction Over $13.9m Arbitral Award
Osun is contesting an interim Post No Debit order linked to a disputed arbitral award as the latest court outcome remains unconfirmed....
Finance
FG cash transfers reach ₦658.9bn as fewer households receive later tranches
The Federal Government reported ₦658.9bn in cash transfers reaching 10.46 million households, while official programme data show lower payment counts across later tranches....
FG disputes World Bank’s 124% debt-interest ratio for H1 2026
The Finance Ministry disputes a 124% interest-to-revenue calculation derived from World Bank figures, saying the debt and revenue numbers are measured on different bases....
CBN Cuts Interest Rate to 23%, but Has Cheaper Credit Reached Nigerian Borrowers?
Nigeria's central bank has reduced its benchmark rate to 23%, but reported bank repricing has yet to establish broad-based relief for households and businesses....
Naira’s official and parallel rates diverge as recorded FX trading activity rises
The naira strengthened marginally in the official market while one reported parallel-market indication weakened, widening the observed FX spread as recorded interbank trading activity rose sharply....
Nigeria’s 350bp rate reset puts borrowing costs, bond returns and bank pricing in play
Nigeria’s policy rate has fallen sharply, but cheaper money is not yet guaranteed. The next test is whether the CBN’s 350-basis-point reset reaches government borrowing, bank lending, investors and the real economy....
Nigeria’s FX Market Turnover Falls 35.4% to $1.70bn as Spot Trading Contracts
Nigeria’s foreign exchange market turnover fell 35.41% to $1.70 billion in the week ended October 2, with the contraction concentrated in spot trading while forward......
Dangote IPO proceeds: Inside the ₦2.11tn expansion allocation
Dangote plans to direct about ₦2.11tn in net IPO proceeds into refinery expansion, including ₦841bn for infrastructure and ₦686.5bn for major equipment....
CBN resets policy rate to 23% as businesses push banks for cheaper loans
The CBN has reset its Monetary Policy Rate to 23% from 26.5%. Businesses want cheaper credit, but the real test is whether banks actually reprice loans and expand access to finance....
FTSE confirms Nigeria’s Frontier return after T+1 settlement review
Nigeria’s return to FTSE Russell’s Frontier Market universe remains on schedule for September 21, with regulators also clarifying that foreign portfolio investors are not required to prefund trades under the new T+1 settlement cycle....