- Economy
Sales of state-owned assets not to fund 2026 budget deficit, says Bagudu
The Minister of Economic Planning and Budget, Senator Abubakar Bagudu on Wednesday said the Federal Government sales of state-owned assets not meant to fund part of over N25 trillion 2026 budget deficit He,however, stressed that the deficit can benefit from the initiative currently considered by President Bola Tinubu’s led administration. Speaking on AriseTV, the Minister noted that the sale of …
Read More » - Economy
FG plans to sale state-owned assets in 2026, says Wale Edun
Minister of finance and the coordinating minister of the economy, Mr. Wale Edun has revealed the Federal Government plans to start selling state-owned assets to private investors in 2026. According to Bloomberg, Edun spoke on Monday during an interview on the sidelines of the AlUla conference for emerging market economies in Saudi Arabia. He said the government is currently working…
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CBN directs banks to sell $150,000 to licensed BDC operators weekly
The Central Bank of Nigeria (CBN) has permitted licensed bureau de change (BDC) operators to access about $150,000 foreign exchange from the Nigerian Foreign Exchange Market (NFEM) through authorised dealer banks. A circular signed by director of the trade and exchange department, CBN, Musa Narkoji, and addressed to all authorised dealer banks and the general public, stated that all BDCs…
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Bagudu praises Tinubu for enhancing Nigeria’s federalism
The Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has praised President Bola Tinubu for strengthening the nation’s federal system, stating that his economic reforms have increased funds for the subnational governments to provide more amenities for their constituents. “President Tinubu has strengthened our federalism,” the minister told participants at the National Economic Council Conference, which concluded in Abuja…
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NRS targets N40.71trn revenue for 2026
The Nigeria Revenue Service (NRS) on Tuesday revealed N40.71trillion revenue target for 2026 after it broke its record revenue collection performance of N28.34 trillion as against the N25.2 trillion target for the year 2025. This was disclosed on behalf of the NRS executive chairman, Zacch Adedeji, by the Executive Director, Government and Large Taxpayers Group, Ms Amina Ado Kurawa, at…
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SEC urges civil servants to invest in capital market for wealth creation, retirement security
The Securities and Exchange Commission (SEC) has urged Nigerian civil servants to take advantage of opportunities in the capital market to build wealth, enhance financial security and actively participate in national economic growth. Speaking during a strategic engagement with the Head of Service of the Federation, Dame Didi Walson-Jack and top officials of the service, the Director-General of the SEC,…
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Equities market gains N1.84trn amid PenCom revised investment limit policy
The Nigerian equities market capitalisation on Tuesday gained N1.84 trillion, following the National Pension Commission’s (PenCom) decision to raise equity limits for pension funds. This move is expected to inject fresh liquidity into the market. The National Pension Commission on February 9, 2026, revised investment limits for ordinary shares in RSA Funds I, II, III, and VI-Active. PenCom amended Section…
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Positive signal for NGX as PenCom raises equity caps
The National Pension Commission (PenCom) has formally adjusted the investment boundaries for Nigeria’s N21 trillion pension industry, a move analysts say will channel much-needed liquidity into the Nigerian Exchange (NGX) and generate more money for Pension Fund Administrators (PFAs) The adjustment was announced in an addendum released on Monday, February 9, 2026, to the Revised Regulation on Investment of PFAs…
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Access Bank’s bid to acquire South Africa’s Bidvest Bank collapses
Access Bank’s proposed acquisition of a 100 per cent stake in South Africa’s Bidvest Bank has collapsed after the parties failed to secure all required regulatory approvals. The development was disclosed by Bidvest Group, the parent company of Bidvest Bank, in an update to shareholders on Monday. The collapse brings to an end a deal that was expected to significantly…
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VIDEO: Excess liquidity makes 2027 election spending a risk to the economy, says Cardoso
The Governor, Central Bank of Nigeria (CBN), Mr. Yemi Cardoso has warned that despite recent economic gains, the country faces significant risks to stability, especially with elections looming next year. He told the National Economic Council Conference at the Presidential Villa on Monday that a large amount of liquidity remains in the system, and election year spending could destabilize the…
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