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Record single-day turnover driven by Treasury Bills at ₦668bn; OMO yields reach 22%; auction size doubled from ₦450bn Nigeria's fixed income market recorded a single-day trading volume of ₦1.06 trillion on June 4, 2026 — its highest turnover in recent memory, driven by aggressive institutional demand for short-term government debt instruments across 551 executed trades, according to data from the Central Bank of Nigeria's official Fixed Income Dashboard. Treasury Bills captur

MoU signed in Bissau; Nigerian airline to provide aircraft, management and majority investment; 18-month agreement effective immediately United Nigeria Airlines has signed a Memorandum of Understanding with the Government of Guinea-Bissau to establish and operate Air Bissau as the West African nation's national carrier, creating a joint venture in which the Nigerian airline will provide the majority of financial investment, operational expertise, aircraft, and management. The

State-BOI facility targets SMEs facing commercial credit squeeze; programme adopted as national MSME financing model The Lagos State Government has disbursed ₦5 billion in counterpart funding to cooperative-based micro, small and medium enterprises across the state, as the government moves to shield its vital small-business sector from a severe credit squeeze caused by persistently high commercial interest rates. The disbursement was confirmed by Folashade Ambrose-Medebem, Co

Nigerian investment firm becomes latest financial institution to expand beyond West Africa; Rwanda and Ethiopia markets targeted United Capital Plc, one of Nigeria's leading investment banking and financial services firms, has secured operating licences in Rwanda and Ethiopia, becoming the latest Nigerian financial institution to expand its footprint into East Africa as the continent's fastest-growing economies attract increasing Nigerian financial sector interest. United Cap

Infrastructure fund targets green industrialisation in Sub-Saharan Africa; corporate Nigeria's dollar earnings fully recovered three years after 2023 shock Nigeria's corporate sector has crossed a significant financial milestone, with listed companies collectively surpassing their pre-devaluation dollar earnings peak, three years after the 2023 naira shock erased billions from reported corporate profits, as a new $76 million climate infrastructure fund opens fresh capital cha

Performance test confirms capacity above nameplate; world's largest jet fuel exporter in April; expansion groundwork underway Dangote Petroleum Refinery has increased its crude oil processing capacity to 700,000 barrels per day following a successful performance test conducted by its process licensors, surpassing its original design capacity of 650,000 barrels per day and cementing its position as the world's largest single-train petroleum refinery by operating volume. The L

Karl Toriola tells "Data on Trial" Lagos event tariff increase prevented network shutdown; ₦900bn invested in 2025 The Chief Executive Officer of MTN Nigeria has disclosed that the telecommunications company was on the brink of financial collapse before the Nigerian Communications Commission approved a 50 per cent tariff increase in January 2026, saying the company was unable to pay basic bills and had slipped into effective insolvency. Karl Toriola made the disclosure at a

Only 1 in 10 Nigerian Women Have a Salary-Paying Job. 1 in 10. The World Bank Data on Nigerian Women Every Business Owner Should Read. The headline number is arresting: only 10.5% of Nigerian women in employment are in wage or salaried jobs. But the more important number for business owners is the one that comes right after it. 80.7% of Nigerian women aged 15 and above are active in the labour market. Read that again. The majority of Nigerian women are working. They are econo

Business Confidence Is Slipping. The NESG Just Told Us Exactly Why. Nigeria Is Still Growing. But Business Owners Are Feeling the Strain. The Data Explains Why. The numbers say Nigeria's business environment is expanding. Business owners know the picture is more complicated than that. The Nigerian Economic Summit Group's Business Confidence Monitor for March 2026 shows the Current Business Performance Index fell sharply from 117.2 points in February to 101.2 points — still ab

The Government Just Froze All New Business Regulations The Government Just Hit Pause on New Business Regulations. Here's What That Means for You. If you have ever had a government agency show up with a new fee, a new form, or a new requirement that seemed to appear from nowhere this story is for you. The Presidential Enabling Business Environment Council (PEBEC) has directed all federal Ministries, Departments, and Agencies to immediately halt the introduction and rollout of

The Government Just Put ₦1 Billion on the Table for Your Business ₦1 Billion in Free Business Grants Just Opened Today. Here's How to Apply. There is money on the table, real money, no repayment required and the application window opened this morning. The Federal Government has opened the 2026 National MSME Awards portal today, April 7, with plans to disburse over ₦1 billion in grants to small and medium businesses across Nigeria. The portal closes May 7 giving you exactly 30

The Middle East War Has a Supply Chain Problem A War in the Gulf Is Reshaping Global Energy. Nigerian SMEs Are at the Crossroads. The conflict thousands of kilometres away in the Middle East is already inside your business in your fuel bill, your logistics costs, and the supplier prices you received this week. The Strait of Hormuz the narrow waterway through which approximately 20% of the world's oil and 21% of its LNG passes every day is now effectively closed. Tankers are t