The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), has announced plans to raise ₦700 billion through the third and final Nigerian Treasury Bills (NTBs) primary market auction for July 2026. According to the CBN’s invitation to tender, the auction is scheduled to hold on Wednesday, July 29, 2026, using the Dutch auction system, with Treasury Bills offered across three maturities: 91-day, 182-day and 364-day tenors. The apex bank has allocated ₦100 billion for the 91-day bills, ₦100 billion for the 182-day bills, and ₦500…
Category: Business
CAC Opens New Lagos Office to Boost SME Registration, Ease of Doing Business
The Corporate Affairs Commission (CAC) has expanded its service delivery network with the commissioning of a new office at Tafawa Balewa Square (TBS), Lagos, aimed at bringing business registration and compliance services closer to entrepreneurs and small business owners. The new office was inaugurated on Monday by the Registrar-General and Chief Executive Officer of the Commission, Hussaini Ishaq Magaji, as part of efforts to strengthen access to corporate services and support the Federal Government’s ease of doing business agenda. According to the Commission, the TBS office is strategically located to…
CBN Reaffirms Commitment to Price Stability, Market-Driven FX as MPC Eyes Strong Economic Growth
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to maintaining macroeconomic stability through coordinated, data-driven monetary policies aimed at curbing inflation, strengthening the financial system and sustaining economic growth. Speaking at the 306th Monetary Policy Committee (MPC) press briefing, CBN Governor, Olayemi Cardoso, said the Committee was encouraged by the resilience of the Nigerian economy despite heightened global uncertainties and renewed geopolitical tensions. According to him, the MPC project that Nigeria’s economy will maintain strong growth in 2026, driven by improved crude oil production, expansionary Purchasing Managers’ Index…
CBN Reforms Driving Economic Stability, Investment Confidence — Cardoso
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said the apex bank’s ongoing reforms in exchange rate management, monetary policy, and financial system stability are laying a strong foundation for sustainable economic growth and renewed investor confidence. Speaking during a fireside chat at the 14th Annual BusinessDay CEO Forum 2026 held at the Eko Hotel, Lagos, Cardoso highlighted key gains recorded under the CBN’s reform agenda, noting that Nigeria’s gross external reserves have grown organically to 52 billion dollars, providing about 10 months of import cover,…
SEC Launches Nationwide Campaign to Help Investors Recover Unclaimed Dividends
The Securities and Exchange Commission (SEC) has launched a nationwide public enlightenment campaign to assist Nigerians in recovering unclaimed dividends and other funds arising from capital market transactions. The campaign commenced on Thursday with a town hall meeting in Lagos, where the Commission sensitised investors on the existence of unclaimed monies, the role of the National Investor Protection Fund (NIPF), and the procedures for verifying and recovering legitimate claims. Speaking at the event, the Director-General of the SEC, Dr. Emomotimi Agama, represented by the Director of Registration and Exchanges, Market…
Customs Trains Officers on New Tax Reforms, Strengthens Revenue Compliance
The Nigeria Customs Service (NCS) has commenced a capacity-building programme for its officers and personnel on the Federal Government’s new tax policies, in a move aimed at strengthening compliance and improving revenue administration. The two-day training programme, organised in collaboration with the Nigeria Revenue Service (NRS), was held from Wednesday, June 17, to Thursday, June 18, 2026, at the Service Headquarters in Maitama, Abuja. The session brought together members of the NCS Management Team, Comptrollers, Superintendents and other officers across different cadres as part of efforts to ensure…
Customs, American Business Council Strengthen Trade Ties, Tackle Business Bottlenecks
The Nigeria Customs Service (NCS) and the American Business Council (ABC) have reaffirmed their commitment to deepening trade relations and addressing challenges affecting business operations through sustained public-private sector collaboration. The resolution was reached during a quarterly engagement held on June 16, 2026, at the Nigeria Customs Service Headquarters in Abuja, where both parties discussed strategies to enhance trade facilitation, strengthen security, and promote stronger economic ties between Nigeria and the United States. Speaking at the meeting, the Comptroller-General of Customs, Adewale Adeniyi, underscored the importance of regular stakeholder consultations,…
FG Unveils Drive to End Textile Import Dependence, Produces 10,000 Made-in-Nigeria T-Shirts
The Federal Government has intensified efforts to revive Nigeria’s Cotton, Textile and Garment (CTG) industry with the successful production of 10,000 made-in-Nigeria T-shirts under a six-month pilot scheme aimed at reducing dependence on imported textiles. The initiative, implemented through the National Cotton, Textile and Garment Industrial Transformation Programme (NCTG-ITP), was unveiled during the Phase I Showcase and Stakeholder Working Session held on Wednesday in Abuja. Speaking at the event, the Minister of State for Industry, Senator John Owan Enoh, described the programme as a major step toward repositioning Nigeria’s textile…
CAC Boss Inaugurates Beneficial Ownership Committee, Unveils Global Conference Plan
The Registrar-General/CEO of the Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji, has inaugurated the National Working Group on Beneficial Ownership Information, described it as a critical driver of economic reform and growth. Speaking during the inauguration, Magaji said beneficial ownership transparency goes beyond a regulatory requirement, calling it “the cornerstone of good governance.” He noted that it plays a vital role in protecting the economy from abuse, strengthening investor confidence, and boosting Nigeria’s standing in the global financial system. He tasked members of the working group with leveraging their expertise…
FG Inaugurates New CAC Board, Signals Digital Overhaul to Boost Investor Confidence
The Federal Government has inaugurated a new Governing Board for the Corporate Affairs Commission (CAC), marking a significant step toward strengthening Nigeria’s business environment and enhancing investor confidence. The inauguration ceremony, held on April 22, 2026, in Abuja, underscored the administration’s commitment to reforming key institutions and improving the ease of doing business in the country. Speaking at the event, the Honourable Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, described the CAC as a cornerstone of Nigeria’s economic framework. She highlighted its critical role in business registration, regulation,…
