Henryrich

36 States Receive N2.39tn From FAAC In Q2 as Delta Overtakes Lagos 0
- BUSINESS, SLIDE
- September 30, 2026
Nigeria’s 36 states received a combined ₦2.39 trillion from the Federation Account in the second quarter of 2026, representing an increase of about ₦259.41 billion, or 12.2 per cent, compared with the ₦2.13 trillion allocated in the first quarter. An analysis of Federation Account Allocation Committee (FAAC) disbursements for April to June showed significant changes
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Nigeria’s External Debt Rises by $11.4bn Under Tinubu 0
- BUSINESS, SLIDE
- September 30, 2026
Nigeria’s external debt has increased by about $11.4 billion since President Bola Ahmed Tinubu assumed office, with the country’s external obligations rising from approximately $43.1 billion to $54.5 billion as of June 2026, according to data reviewed by Nairametrics. The increase has been attributed to a combination of multilateral borrowing, commercial debt and syndicated financing
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CBN Offers N2.5tn OMO Bills as N2.43tn Maturity Hits Banking System 0
- BUSINESS, SLIDE
- September 30, 2026
The Central Bank of Nigeria (CBN) has scheduled a ₦2.5 trillion Open Market Operations (OMO) auction for September 29, 2026, on the same day that an estimated ₦2.433 trillion OMO repayment is due to mature. The near one-for-one match between the fresh offer and the maturing instruments means the auction could significantly influence liquidity conditions
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24-Hour Electricity: FG Targets Lagos, North-West, South-East Corridors With Energy Zones 0
- BUSINESS, SLIDE
- September 30, 2026
The Federal Government is advancing plans to establish Energy Zones in some of Nigeria’s highest electricity-demand areas as part of efforts to improve power supply and move towards stable, 24-hour electricity for homes, businesses and industries. Minister of Power, Joseph Tegbe, disclosed the plan during a strategic meeting with the leadership of selected electricity distribution
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Nigeria’s External Debt Rises by $11.4bn Under Tinubu 0