GBI&I Media News Blog

The Central Bank of Nigeria (CBN)  has successfully raised ₦700 billion  through the sale of Treasury Bills in its second auction for August 2026, underscoring its commitment to stabilizing liquidity and curbing inflationary pressures.   According to official figures, the bills were sold across three tenors:   - 91‑day bills attracted strong demand from short‑term investors.   - 182‑day bills  saw moderate uptake, reflecting cautious sentiment.   - 364‑day bills  accounted for the bulk of subscriptions, as institutional investors sought higher yields.   The auction was oversubscribed, with bids exceeding the offered amount, highlighting investor confidence in Nigeria’s debt instruments despite economic challenges.   The sale comes amid rising inflation and currency volatility. Analysts say the CBN is using Treasury Bills as a tool to mop up excess liquidity, stabilize the naira, and manage inflationary tren...

 Here are the breaking headlines that makes the rounds today. INEC 2027 Elections, Kebbi Governor Running Mate Change, Oby Ezekwesili Ports Deal, FCCPC Cement Probe, FAAC ₦3trn Allocation, Sokoto Benue Plateau Killings, NDLEA Cocaine Cartel Lagos, Boko Haram Adamawa Attack, Global Oil Prices, Bitcoin Ethereum Trends Good morning 🇳🇬 Nigeria Headlines Politics & Governance Campaign Trail Heats Up Presidential candidates Tinubu, Obi, and Sowore continue nationwide rallies after signing the Abuja peace accord. INEC confirmed preparations for over 100 million registered voters  and deployment of 1.4 million ad hoc staff  for the 2027 polls.   Kebbi Shake‑Up Governor Nasir Idris  dropped his deputy Umar Abubakar Tafida Arugungu as running mate for 2027, replacing him with Ibrahim Muhammad Augie, citing legal advice on eligibility.   Jonathan’s Warning Former President Goodluck Jonathan urged reforms to curb governors’ influence in off‑cycle electi...

The Federal Competition and Consumer Protection Commission (FCCPC)  has uncovered indications of possible price manipulation in Nigeria’s cement market , raising concerns about anti‑competitive practices in one of the country’s most strategic industries.   According to a 40‑page field report released after a three‑month cross‑border investigation, Nigeria has an installed cement production capacity of 60–65 million metric tons annually , while domestic consumption is estimated at just 25–30 million tons. Despite this surplus, cement prices have continued to rise sharply.   Market intelligence reviewed by the FCCPC showed that the price of a 50kg bag of cement, which sold for ₦9,300–₦9,700 in January 2026 , rose to ₦10,500–₦13,000 by mid‑year . By July, prices had climbed further to ₦13,000–₦15,000 per bag  in some parts of the country.    The Commission compared Nigeria’s cement prices with other African markets. In  Kenya  $5.40 per bag...

Weekly Business & Finance roundup: EFCC recovers ₦115bn in oil levies, Nigeria fails fiscal transparency test, OPEC quota met, ECOWAS faces dirty fuel debate, and global markets react to U.S. immigration and oil prices. Nigeria’s Economy EFCC Oil Sector Recovery The EFCC announced recovery of ₦115 billion in levies owed to the Niger Delta Development Commission (NDDC) by oil companies. However, 24 firms still owe ₦76 billion and $81 million, highlighting persistent fiscal transparency challenges.   Fiscal Transparency Concerns The U.S. State Department’s 2026 Fiscal Transparency Report found Nigeria failed minimum requirements for the second consecutive year. Government officials pushed back, insisting reforms are underway.   CBN Sandbox Programme The Central Bank of Nigeria launched Cohort 2 of its Regulatory Sandbox Programme, inviting fintechs and Virtual Asset Service Providers to test innovative financial solutions.    OPEC Quota Compl...

Nigeria’s business and finance landscape this week (August 3–7, 2026) was dominated by Otedola’s ₦18.1bn stake boost in First HoldCo, Nigeria’s admission into the World Energy Council, and strong capital market momentum pushing NGX past ₦158 trillion. The CBN survey also showed firms expect the naira to strengthen in the near term.  Weekly Business & Finance Highlights Otedola stake boost Billionaire investor Olufemi Otedola acquired ₦18.1bn worth of shares, raising his stake in First HoldCo Plc to 26.6%. This cements his influence in Nigeria’s financial services sector.  Read More: Full Story  Nigeria joins World Energy Council  President Tinubu hailed Nigeria’s admission as a milestone, strengthening the country’s energy reform credibility and leadership in Africa.  Read More: Full Story  Capital market agenda Tinubu and NGX executives advanced plans to leverage the capital market toward building a $1 trillion economy, highlighting reforms to attract ...

Today’s Weekly Business & Finance roundup (Sunday, July 19, 2026) shows Nigeria’s stock market added ₦622bn in investor wealth despite a slight index decline, while CBN policies boosted reserves above $40bn and FAAC disbursed ₦2.55tn to governments. Entrepreneurs and banks remain the week’s standout performers.    In the Nigerian Stock Market. Investors gained ₦622bn as market capitalisation rose to ₦157.06 trillion while, the NGX All‑Share Index slipped 0.14% to 243,462 points, reflecting mixed price movements.   Financial stocks dominated, accounting for 71% of trading volume.   Top gainers for the week were First Holdco, Fidelity Bank, UBA, Learn Africa. While top losers were BUA Cement, Red Star Express, PZ Cussons Nigeria.      ➡️Watch video Report on YouTube   Central Bank & Policy Updates The CBN introduced a new FX BDC Purchase Tracker portal to monitor forex purchases by Bureau de Change operators.   Nige...