From Victor Osula, Abuja Nigeria’s Debt Management Office (DMO) is auctioning ₦600 billion worth of reopened Federal Government bonds today, May 18, 2026, offering investors yields of up to 22.60 percent amid sustained tight monetary conditions in the fixed-income market. The auction, conducted on behalf of the Federal Government, features two previously issued bond instruments with settlement scheduled for May 20, 2026. The offerings include a ₦300 billion 22.60 percent FGN Bond due January 2035 and a ₦300 billion 16.2499 percent FGN Bond due April 2037. Both instruments will pay interest semi-annually, while principal repayment will be made in full at maturity. The bonds are priced at ₦1,000 per unit, with a minimum subscription of ₦50.001 million. The reopening is …
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By Ayo Kehinde The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to refrain from further interest rate hikes, warning that additional monetary tightening could slow economic recovery and deepen financial pressure on businesses and households. The caution comes ahead of the Central Bank’s 305th Monetary Policy Committee (MPC) meeting scheduled for this week, where policymakers are expected to assess inflation trends, exchange-rate stability, and broader macroeconomic conditions. CPPE Chief Executive Officer, Dr Muda Yusuf, said Nigeria’s economy remains too fragile to withstand another round of aggressive tightening. According to the group, expectations surrounding the MPC meeting should be viewed against the backdrop of mounting geopolitical uncertainties, fiscal pressures, and persistent structural …
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One of Nigeria’s foremost policy groups, the Independent Media and Policy Initiative (IMPI) has justified the borrowings of the President Bola Tinubu administration on the ground that it is the most realistic way to bridge the country’s massive infrastructure gap. In a policy statement signed by its Chairman Dr Omoniyi Akinsiju, the think tank argued that Nigeria’s infrastructure challenges were too vast for the annual budget to cover without the federal government resorting to borrowing. This according to IMPI is because the country is estimated to require a minimum annual spend of $14.2 billion over the next 10 years to bridge its infrastructural deficit after considering various estimates from international bodies. “Nigeria’s productivity and standard of living have been ascribed …
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From Victor Osula, Abuja The Director-General of the Budget Office of the Federation, Tanimu Yakubu, has reassured Nigerians of the Federal Government’s commitment to transparency, fiscal discipline, and accountable public financial management, while clarifying the reasons behind the delay in the publication of recent Quarterly Budget Implementation Reports. In a statement issued on Sunday, Yakubu explained that the publication timeline was affected by constitutional, legislative, and fiscal adjustments surrounding the 2025 Appropriation framework, particularly the repeal and re-enactment of the 2025 Appropriation Act and the subsequent extension of the budget implementation period to June 2026. According to him, the delay should be understood within the broader legal and fiscal framework guiding public finance administration in Nigeria, noting that a fiscal …
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