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DMO rejects N1.84 trillion bids, pushes T-bill rates lower

The Debt Management Office (DMO), through the Central Bank of Nigeria (CBN), rejected N1.84 trillion in investor subscriptions at the October 28, 2026 Nigerian Treasury Bills auction, allotting just N71.16 billion as the one-year stop rate declined to 15.80%. Excerpt, Nairametrics

Source Nairametrics

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Business · Banking 11 publications

BREAKING: CBN approves JPMorgan’s plan to establish merchant bank in Nigeria

The Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to JPMorgan to establish JPMorgan Merchant Bank Nigeria Limited, marking a new step in the US financial institution’s plans to expand its presence in the country. Excerpt, Nairametrics

Source Nairametrics also Channels Television, BusinessDay, ThisDay, TVC News and 5 more

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FEC approves N45.8bn Ebola surveillance system, pays N1.2trn power debt

The Federal Executive Council (FEC), yesterday, approved a N45.8 billion biosecurity and disease surveillance system for five international airports to strengthen Nigeria’s defence against Ebola and other dangerous pathogens, as the Federal Government announced the payment of N1.2 trillion out of th Excerpt, The Sun Nigeria

Source The Sun Nigeria

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