Author: Olu Anisere

The Debt Management Office (DMO) has listed two Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit.

Naira Depreciates for 10-Day Straight, FX Gap Narrows The Nigerian naira weakened against the US dollar for 10 consecutive days as foreign payments pressures continue to outpace FX liquidity. Daily FX data published by the Central Bank of Nigeria (CBN) showed that the local currency weakened against the greenback again, depreciating by ₦6.27/US$ to close at ₦1,384.29/US$ from ₦1,378.02/US$ previously. Based on data from the CBN, Fx largely traded within the low and high bands of ₦1,370.00/US$ and ₦1,450.00/US$, respectively, on Tuesday. The local currency has been under pressure even with the $200 million FX sales intervention last week. The…

China Declares Readiness to Begin its 15th Five-Year Plan Liu Jieyi, Deputy Secretary-General of China’s top political advisory body and spokesperson for the Chinese People’s Political Consultative Conference (CPPCC), says the country is ready to begin its 15th Five-Year Plan. Liu disclosed this during a global news conference organised by the CPPCC National Committee on Tuesday at the Great Hall of the People in Beijing, China. The conference was held to brief Chinese and foreign journalists on China’s readiness to host its two major political events. The events, namely the 4th Session of the 14th CPPCC National Committee and the…

Foreign Investors Sell Nigerian, African Issuers Eurobonds Yields on Nigerian Eurobonds rose as African issuers confront significant selloffs from offshore investors seeking refuge amid escalating tensions in the Middle East. This selloff reflects a sharp increase in risk aversion, especially given the recent U.S. inflation rate of 2.4% and heightened geopolitical risks following U.S.-Israel strikes on Iran. The prospect of a U.S.-Iran conflict is unsettling global financial markets, prompting investors to realign their portfolios swiftly toward gold and other safe-haven assets. Interestingly, analysts assert that oil-linked African issuers are poised to capitalise on the unrest, as the global price of…

Champion Breweries Completes Bullet Brand Portfolio Acquisition Champion Breweries today announced the successful completion of its acquisition of the Bullet brand portfolio from Sun Mark, marking a transformative milestone in the Company’s strategic expansion into a diversified, pan-African beverage platform. The acquisition, previously announced on 20 August 2025, gives Champion Breweries ownership of the Bullet brand assets, trademarks, formulations, and commercial rights globally through an asset carve-out structure. The assets are held in a newly incorporated entity in the Netherlands, in which Champion Breweries holds a majority interest, while Vinar N.V., the majority shareholder of Sun Mark, retains a minority…

NAICOM, BPP Sign Pact for Insurance Bond Issuance The National Insurance Commission (NAICOM) and the Bureau of Public Procurement (BPP) have signed a Memorandum of Understanding (MoU) to standardise requirements for the issuance of insurance bonds and public procurement. Bond insurance, or financial guarantee insurance, is a type of coverage purchased by bond issuers (like municipalities or corporations) that guarantees the repayment of principal and interest to investors if the issuer defaults. The Commissioner for Insurance (CFI), Mr Olusegun Omosehin, said during the MoU signing on Monday in Abuja that the pact would ensure transparency in the sector. Omosehin added…

Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, says Nigeria’s net foreign exchange reserves stood at N34.80 billion dollars as of December 2025.

The flight-to-safety drive from Middle East tensions strengthened the US dollar against trading peers on Monday, forex traders said in a separate note.

Nigeria’s private sector activity deteriorated in January, Stanbic IBTC revealed in its purchasing manager index (PMI) report released by S&P Global on Monday.

Nigeria Seals $1.3bn Alumina Refinery Deal with AFC The Federal Government of Nigeria and the Africa Finance Corporation (AFC) have signed an investment partnership to jointly fund three projects, including a $1.3 billion alumina refinery. The Minister of Solid Minerals Development, Dele Alake, described the agreement as a landmark deal to transform the mining sector and boost its contribution to gross domestic product. A statement by the minister’s Special Assistant on Media, Segun Tomori, said the pact was signed on Sunday in Abuja. Executive Secretary of the Solid Minerals Development Fund, Hajiya Fatima Shinkafi, signed on behalf of the government,…