Nigeria News

Nigeria Secures Strategic European Investments of $100 million for Project BRIDGE

Minister of Communications, Innovation and Digital Economy, Bosun Tijani, on Wednesday announced fresh international funding commitments for Project BRIDGE, confirming new investments from the European Bank for Reconstruction and Development (EBRD) and the European Union Nigeria has achieved a landmark milestone in its digital transformation journey, securing major investments from European partners to accelerate Project …

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Daily Market Analysis (16th & 13th Feb 2026)

Tuesday, 17 February 2026 MARKET ANALYSIS System Liquidity (Nigeria) System liquidity commenced the week on a strong note, posting a surplus balance of ₦4.68 trillion, reflecting an increase of ₦360.49 billion compared to the previous session’s surplus position. The improvement was primarily driven by higher placements by Deposit Money Banks (DMBs) at the Central Bank …

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Naira breaks N1,400 barrier at N1,396.99/$1

The Nigerian naira has strengthened beyond the key ₦1,400 psychological threshold, closing at ₦1,396.99 per U.S. dollar on the official foreign exchange market. This marks a notable appreciation and signals renewed momentum for the local currency after months of sustained pressure. Market data from the Central Bank of Nigeria showed that the naira gained marginally …

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FCCPC Commences Enforcement Against Non-Compliant Digital Lenders

The Federal Competition and Consumer Protection Commission (FCCPC) has begun phased enforcement of sanctions against digital money lending operators that failed to regularise their operations in line with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations). The compliance deadline for affected operators expired on Monday, January 5, 2026, marking the end …

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DMO launches January 2026 FGN Savings Bond offer with double-digit yields

The Debt Management Office (DMO) has commenced subscriptions for the January 2026 Federal Government of Nigeria (FGN) Savings Bonds, offering investors access to government-backed securities with interest rates reaching 15.396% per annum. The offer, announced on Monday, forms part of the Federal Government’s ongoing domestic borrowing programme and reflects efforts to mobilise long-term funds from …

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NDIC to pay depositors of Aso Savings, Union Homes up to N2m

The Nigeria Deposit Insurance Corporation has announced the commencement of payment of insured deposits to customers of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc following the revocation of their operating licences by the Central Bank of Nigeria. Depositors of the affected mortgage banks will receive insured deposits of up to …

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