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May 17, 2026 - 4:32 AM

Business

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CBN Raises N5.63 Trillion as Investors Rush High-Yield OMO Bills

The Central Bank of Nigeria intensified its liquidity control efforts in May after attracting massive investor interest in Open Market Operations bills, with total...

Nigeria’s Foreign Reserves Drop by $855m Amid Rising FX Pressure

Nigeria’s external reserves recorded a sharp decline of about $855 million within five weeks, raising fresh concerns over pressure on the country’s foreign exchange...

Top Money Market Funds Nigerians Are Rushing Into in 2026

Nigeria’s money market fund industry continued its impressive growth in April 2026, with total net assets rising to N5.68 trillion as investors increasingly shifted...

Nigeria Inflation May Rise To 16.42% as Fuel and Food Prices Mount Pressure

Nigeria may witness another rise in inflation this April as increasing fuel prices, food costs, and global commodity shocks continue to weigh heavily on...

IFC Lauds Tinubu Over Reforms, Targets Nigeria for Capital Expansion

The International Finance Corporation (IFC) will soon dispatch a mission to Nigeria to design scalable investment frameworks aimed at unlocking significant private capital into...

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