The Debt Management Office (DMO), on behalf of the Federal Government, has announced a fresh N600 billion Federal Government of Nigeria (FGN) bond auction for May 2026. The bond offer is part of the government’s broader strategy to finance fiscal obligations, deepen the domestic capital market, and attract institutional investors amid sustained demand for fixed-income securities. According to the offer circular issued by the DMO on Tuesday, the auction will be held on May 18, 2026, while successful subscriptions will be settled on May 20, 2026. The DMO disclosed that the offer consists of two re-opened FGN bond instruments valued…
Author: Abdoulaye Kay
For decades, Nigeria’s economy has largely been discussed through the lenses of oil, agriculture, telecommunications, banking and infrastructure. Yet quietly, another sector has been expanding into a powerful economic force with growing continental and global relevance. That sector is Nigeria’s creative economy. What many once viewed merely as entertainment is now rapidly evolving into a serious investment ecosystem capable of generating jobs, exports, foreign exchange earnings, technology innovation, tourism growth and global commercial influence. The conversation is no longer simply about music stars or movie celebrities. The conversation is now about: intellectual property digital monetization cultural exports technology-driven content distribution…
The naira recorded a slight decline against the United States dollar on Monday, closing at N1,375/$ at the official foreign exchange market amid heightened global uncertainty triggered by renewed tensions in the Middle East. Data released by the Central Bank of Nigeria showed that the local currency weakened from Friday’s closing rate of N1,364/$ as the U.S. dollar maintained strength in the international market on concerns that prolonged geopolitical instability could sustain inflationary pressures and delay global interest rate cuts. Market analysts said investors are closely watching developments in the Middle East, rising crude oil prices, global inflation trends, and…
The Central Bank of Nigeria (CBN) has announced the formal assumption of office of Mr. Lamido Yuguda as Deputy Governor of the apex bank. ASHENEWS recalls that President Bola Ahmed Tinubu nominated Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN). Yuguda’s appointment followed the recent redeployment of the former Deputy Governor, Bala Bello, who has been appointed Special Adviser to the President on Political Economy. Mr. Yuguda officially assumed office on Monday, May 11, 2026, after subscribing to the relevant oath at the CBN headquarters. A photograph released by the bank showed the Governor of the…
Candidates seeking admission into Nigeria Certificate in Education (NCE) programmes in colleges of education will no longer be required to sit for the Unified Tertiary Matriculation Examination (UTME). The Minister of Education, Tunji Alausa, announced this on Monday during JAMB’s 2026 policy meeting in Abuja. ALSO READ Police, JAMB bust exam malpractice syndicate in Delta ALSO READ Nigeria ranks among top AI-adopting nations Under the new guidelines, prospective students will only need a minimum of four O-level credits in their school certificate examinations to qualify for admission. According to the minister, the move is aimed at easing the administrative burden…
The Nigerian Meteorological Agency (NiMet) has predicted a mix of rainfall and sunshine across the country from Monday to Wednesday. In its weather outlook released on Sunday in Abuja, the agency forecast predominantly sunny skies across the northern region on Monday, with patches of clouds expected over parts of the area. It also predicted isolated thunderstorms accompanied by light to moderate rainfall in parts of Taraba State later in the day. For the North-Central region, NiMet said cloudy conditions with intervals of sunshine would prevail throughout the forecast period. The agency also forecast cloudy skies with sunny intervals over the…
The Economic and Financial Crimes Commission (EFCC), has explained why it declared former Minister of Humanitarian Affairs, Sadiya Umar Farouq, wanted, saying she is being investigated over alleged criminal conspiracy, abuse of office and diversion of public funds. The anti-graft agency, in a notice published on its official website on Saturday, said the former minister was declared wanted in connection with an ongoing investigation into the alleged mismanagement of public funds during her time in office. According to the commission, Farouq, 52, is an indigene of Zamfara State, with her last known address listed as EN008, Okpo River, off Agulu…
The Transition Monitoring Group (TMG), has condemned alleged comments by the former Minister of Communications and Digital Economy, Isa Ali Pantami, warning against the use of religion to inflame political tensions ahead of the 2027 general elections. In a statement signed by TMG Chairman, Auwal Rafsanjani, the election monitoring group described remarks allegedly credited to Pantami concerning electoral outcomes in Gombe State and across the country as inflammatory, irresponsible, and capable of undermining Nigeria’s democracy. TMG warned that statements suggesting resistance or confrontation over election results could erode public confidence in democratic institutions and encourage political violence. “TMG condemns in…
A governorship aspirant of the All Progressives Congress in Yobe State ahead of the 2027 general elections, Kashim Musa Tumsah, has donated relief materials and cash to victims of the accidental airstrike that reportedly killed scores of residents in Jilli village, Borko District of Gaidam Local Government Area. The incident occurred on Saturday in Jilli village, with several residents reportedly injured and others killed in the strike. According to a statement issued by the spokesman of the KMT Campaign Organisation, Abubakar Ahmed, the donations included bags of rice, cartons of spaghetti, gallons of cooking oil and cash support meant to…
The naira ended the first trading week of May 2026 on a relatively stable note against the United States dollar, closing at N1,364/$ in the official foreign exchange market. Data from the Central Bank of Nigeria (CBN) showed that the local currency maintained a positive trajectory for most of the week, reinforcing signs of improving stability in Nigeria’s foreign exchange market. The latest performance extends the gains recorded at the end of April and reflects growing market confidence in the ongoing foreign exchange reforms introduced by the apex bank. Throughout the week, the naira traded within a relatively narrow range,…