Ogochukwu Onwaeze, THEWILL

A review of eight Nigerian Treasury Bills auctions conducted between July and September showed that total allotments were 40.34 percent above the planned issuance for the quarter.

The fresh borrowing comes after the Debt Management Office reported that Nigeria’s public debt increased by N14.39tn, or 9.44 percent, from N152.40tn in June 2025 to N166.79tn at the end of June 2026.

The latest controversy centres on N107 trillion in receivables and N103 trillion in payables or accrued expenses in NNPC Ltd.’s audited financial statements for the 2023 financial year.

The average maximum lending rate in the banking sector fell to 29.19 percent in August from 33.16 percent in July, according to Central Bank of Nigeria (CBN) data.

The Nigerian Exchange Limited (NGX) closed Friday’s trading session marginally lower, as market capitalisation slipped N24 billion from N163.679 trillion at the open to N163.655 trillion at the close.

Treasury bill stop rates fell sharply across all three maturities at Wednesday’s primary market auction, extending the repricing of Nigeria’s short-term fixed-income market following the Central Bank of Nigeria’s 350-basis-point interest-rate cut.

The suspension was disclosed in a notice signed by Bonaventure Onwuji on behalf of the Head of the Issuer Regulation Department.

The Manufacturers Association of Nigeria (MAN) welcomed the CBN Monetary Policy Committee’s decision to cut the Monetary Policy Rate (MPR) by 350 basis points to 23 percent from 26.5 percent, but said the key issue for businesses was the cost of actual bank loans.

The visit was confirmed by Dangote Group, which said its President, Aliko Dangote, would host the Kenyan leader at the Lagos refinery.

Interswitch, an integrated payments and digital commerce company, has launched the sixth edition of its TechConnect industry engagement series in Owerri, Imo State, as it seeks to promote more adaptive and connected financial technology infrastructure.