Home Blog Page 13

FGN Savings Bond: DMO Opens December Subscription Window For New Issuance

FGN Bond For Jan. 2021 Oversubscribed

The Debt Management Office (DMO) has formally commenced the subscription period for the December 2025 issuance of the Federal Government of Nigeria Savings Bond (FGNSB), featuring two-year and three-year maturity options.

According to details contained in a circular released on Monday, the two-year instrument—scheduled to mature on December 10, 2027—comes with an annual coupon rate of 12.838%, while the three-year bond that matures on December 10, 2028, is being floated at 13.838% per annum.

The subscription window opened on December 1, 2025, and will close on December 5, 2025. The settlement date remains December 10, 2025, with interest payments scheduled to be remitted quarterly on March 10, June 10, September 10, and December 10 throughout the lifespan of the bonds.

Rates Decline Slightly Compared to November Offer

The December coupon rates mark a mild drop from the November offer, where the two-year bond cleared at 13.565%, while the three-year version maturing on November 12, 2028, attracted 14.565%.

At its 303rd Monetary Policy Committee (MPC) meeting in November, the Central Bank of Nigeria (CBN) opted to retain all policy parameters, reaffirming its stance on stabilising prices and sustaining improvements in the foreign exchange market. The Monetary Policy Rate (MPR) was maintained at 27%.

Key Investment Features

The FGN Savings Bond continues to target retail investors, with a minimum entry subscription of ₦5,000 and incremental purchases in units of ₦1,000. The maximum subscription allowed per individual investor is ₦50 million.

Backed by the full faith and credit of the Federal Government, the FGNSB remains one of the safest fixed-income opportunities for small investors seeking predictable returns and principal protection. The instruments offer quarterly coupon payments and full redemption at maturity, shielding retail investors from market volatility common in equities and corporate bonds.

The bonds remain attractive due to their additional benefits, which include:

  • Recognition as trustee investment instruments under the Trustee Investment Act.
  • Tax exemptions for eligible participants under PITA and CITA frameworks, including Pension Funds.
  • Listing on the Nigerian Exchange Limited to enable tradability and enhance liquidity.
  • Qualification as liquid assets for banks in computing liquidity ratios.

Context Behind the Programme

Introduced in 2017, the FGN Savings Bond initiative was designed to broaden financial inclusion, deepen the domestic debt market, and open access to government securities for low-income and first-time investors.

The bond’s comparatively high coupon rates reflect current inflationary conditions and the government’s aim to encourage increased participation from the retail segment.

The DMO’s consistent rollout of the savings bond also signals the Federal Government’s continuing reliance on domestic borrowing channels to fund budgetary requirements while moderating exposure to external debt risks.

KLT Customs Revenue Rises To N13.7bn In 10 Months

The Kirikiri Lighter Terminal (KLT) Command of the Nigeria Customs Service has announced a revenue haul of N13.7 billion between January and October 2025, marking a 47 per cent rise from the N9.4 billion generated during the same period in 2024.

The outgoing Controller of the Command, now promoted to Assistant Comptroller General (ACG), Eghosa Edelduok, disclosed the figures on Monday during a send-off ceremony held in her honour in Lagos.

Edelduok described the revenue growth as the outcome of targeted reforms and strengthened operational efficiency across the command.

“This growth did not happen by chance,” she said. “It is the result of deliberate reforms, increased stakeholder engagement, and improved trade facilitation within the terminal.”

Reflecting on her tenure, ACG Edelduok said the Command faced serious operational challenges when she assumed office.

“Several terminals under KLT were moribund when I took over,” she noted.

Through continuous dialogue with terminal operators, port users and Customs personnel, the Command successfully revived key facilities. She noted that the ESS Libra Terminal now handles 50 to 60 containers monthly, while other terminals recorded similar improvements driven by better access routes, reduced delays and streamlined procedures.

Edelduok highlighted significant improvements in cargo processing timelines, stating that compliant consignments were now cleared within 48 hours.

She added that rising compliance among traders and clearing agents had become “the backbone of the revenue leap,” with more stakeholders choosing KLT due to its enhanced efficiency and friendlier operational atmosphere.

“Stakeholder cooperation helped us change perceptions, attracting more importers who previously avoided the terminal due to fears of delays and bottlenecks,” she said.

The outgoing Controller commended officers of the Command, sister agencies and terminal operators for the teamwork that defined her 18-month stewardship. She also thanked the Comptroller-General of Customs, Bashir Adeniyi, for providing institutional support that helped strengthen operations at KLT.

Edelduok described as “a defining legacy” her successful delivery of a major Corporate Social Responsibility (CSR) project — a newly constructed block of classrooms and a fully equipped library for inmates of the Kirikiri Medium Correctional Centre.

Looking ahead, the newly appointed ACG assured stakeholders that KLT would remain committed to facilitating legitimate trade while intensifying efforts to combat illicit activities.

She emphasised that the Command would not tolerate the movement of contraband goods, including fake pharmaceuticals and cannabis.

“My new office comes with greater responsibility, but I leave KLT prepared, fulfilled, and hopeful for even greater growth at the Command,” she added.

Several stakeholders at the ceremony paid glowing tributes to Edelduok’s leadership. Deputy Comptroller Funmilayo Adedokun, who heads the Vehicle Seat Unit, described her as a “transformational leader”.

The KLT revenue performance aligns with a wider upward trend in Customs collections across Nigeria’s ports. In October 2025, the Apapa Area Command recorded N304 billion — the highest monthly revenue ever generated by any Customs command in the country.

According to the Area Controller, Comptroller Emmanuel Oshoba, the October figure surpassed the N264 billion collected in October 2024. He also disclosed that Apapa Command generated N2.4 trillion between January and October 2025, exceeding its total revenue for the whole of the previous year.

Week 23 Pool Result For Sat 6, Dec 2025, UK 2025/2026

Week 23 pool results 2025: Football pools results, live football pool result today, pool result today saturday matches, pool results for this week, british and aussie pool result, football pools results and fixtures, pools panel results today, pool panel results and live score pool result today. We publish half-time results first of its kind.

Week 23 Pool Results: Football pools results for this week 23 2025 are published on this website immediately after full-time confirmation of live score results. We also publish the outcome of postponed matches by the football pools panel at half-time as decided by the football pools. This week’s Week 23 Pool Results are made available in partnership with Bizwatch Nigeria.

WEEK: 23; SEASON: UK 2025/2026; DATE: 06-December-2025
Football Pools ResultsHTFTStatus
1Aston VillaArsenal-:--:-EKO
2BournemouthChelsea-:--:-Saturday
3BrightonWest Ham-:--:-Sunday
4EvertonNott’m For.-:--:-Saturday
5FulhamCrystal P.-:--:-Sunday
6Leeds Utd.Liverpool-:--:-LKO
7Man CitySunderland-:--:-Saturday
8NewcastleBurnley-:--:-Saturday
9TottenhamBrentford-:--:-Saturday
10BlackburnSheff Wed.-:--:-Saturday
11Bristol C.Millwall-:--:-Saturday
12CharltonPortsmouth-:--:-EKO
13DerbyLeicester-:--:-EKO
14IpswichCoventry-:--:-Saturday
15PrestonWrexham-:--:-Saturday
16Q.P.R.West Brom-:--:-Saturday
17Sheff Utd.Stoke-:--:-Saturday
18SouthamptonBirmingham-:--:-Saturday
19SwanseaOxford Utd.-:--:-Saturday
20WatfordNorwich-:--:-EKO
21CardiffHuddersfieldVoidPPPanel
22PlymouthBradford C.-:--:-EKO
23ColchesterGillingham-:--:-EKO
24AccringtonMansfield-:--:-Saturday
25Boreham W.Newport Co.-:--:-Sunday
26ChesterfieldDoncaster-:--:-LKO
27ExeterWycombe-:--:-Saturday
28FleetwoodLuton-:--:-Saturday
29GatesheadWalsall-:--:-Sunday
30Milton K.D.Oldham-:--:-Saturday
31PeterboroBarnsley-:--:-Saturday
32Port ValeBristol R.-:--:-Saturday
33SloughMacclesfield-:--:-Sunday
34StockportCambridge U.-:--:-Saturday
35Sutton Utd.Shrewsbury-:--:-LKO
36SwindonBolton-:--:-Saturday
37Wigan A.Barrow-:--:-Saturday
38CelticHearts-:--:-Sunday
39DundeeAberdeen-:--:-Saturday
40HibernianFalkirk-:--:-Saturday
41KilmarnockRangers-:--:-LKO
42MotherwellLivingston-:--:-Saturday
43St MirrenDundee Utd.-:--:-Saturday
44Ayr UnitedPartick-:--:-Saturday
45DunfermlineArbroath-:--:-Saturday
46Ross CountyAirdrie-:--:-Saturday
47St J’StoneRaith-:--:-Saturday
48AlloaPeterhead-:--:-Saturday
49East FifeInvernessVoidPPPanel

Week 22 Pool Result For Sat 29, Nov 2025, UK 2025/2026

Week 22 pool results 2025: Football pools results, live football pool result today, pool result today saturday matches, pool results for this week, british and aussie pool result, football pools results and fixtures, pools panel results today, pool panel results and live score pool result today. We publish half-time results first of its kind.

Week 22 Pool Results: Football pools results for this week 22 2025 are published on this website immediately after full-time confirmation of live score results. We also publish the outcome of postponed matches by the football pools panel at half-time as decided by the football pools. This week’s Week 22 Pool Results are made available in partnership with Bizwatch Nigeria.

WEEK: 22; SEASON: UK 2025/2026; DATE: 29-November-2025
Football Pools ResultsHTFTStatus
1Aston VillaWolves0-:-01-:-0Home
2BrentfordBurnley0-:-03-:-1Home
3ChelseaArsenal0-:-01-:-1ScoreDraw
4Crystal P.Man United1-:-01-:-2Away
5EvertonNewcastle0-:-31-:-4Away
6Man CityLeeds Utd.2-:-03-:-2Home
7Nott’m For.Brighton0-:-10-:-2Away
8SunderlandBournemouth1-:-23-:-2Home
9TottenhamFulham0-:-21-:-2Away
10West HamLiverpool0-:-00-:-2Away
11CoventryCharlton2-:-13-:-1Home
12LeicesterSheff Utd.0-:-32-:-3Away
13MiddlesbroDerby0-:-12-:-1Home
14MillwallSouthampton0-:-03-:-2Home
15NorwichQ.P.R.3-:-13-:-1Home
16PortsmouthBristol C.0-:-10-:-1Away
17Sheff Wed.Preston2-:-12-:-3Away
18StokeHull1-:-01-:-2Away
19West BromSwansea0-:-23-:-2Home
20WrexhamBlackburn0-:-11-:-1ScoreDraw
21BlackpoolReading0-:-10-:-3Away
22Bradford C.Exeter1-:-01-:-0Home
23Burton A.Leyton O.0-:-20-:-4Away
24CardiffMansfield1-:-03-:-0Home
25DoncasterPeterboro2-:-02-:-1Home
26HuddersfieldA.Wimbledon0-:-13-:-3ScoreDraw
27LincolnPort Vale1-:-01-:-0Home
28LutonBolton0-:-11-:-1ScoreDraw
29PlymouthNorthampton0-:-00-:-3Away
30RotherhamWycombe0-:-11-:-1ScoreDraw
31StockportBarnsley0-:-11-:-1ScoreDraw
32Wigan A.Stevenage0-:-00-:-0noScoreDraw
33AccringtonOldham1-:-01-:-0Home
34BarnetHarrogate1-:-01-:-1ScoreDraw
35Bristol R.Notts Co.0-:-00-:-1Away
36Cambridge U.Crewe0-:-02-:-1Home
37ChesterfieldSwindon1-:-11-:-2Away
38ColchesterCheltenham1-:-02-:-0Home
39Milton K.D.Fleetwood1-:-02-:-1Home
40Newport Co.Barrow1-:-12-:-2ScoreDraw
41Salford C.Crawley1-:-14-:-3Home
42ShrewsburyGillingham3-:-13-:-3ScoreDraw
43WalsallBromley0-:-13-:-1Home
44DundeeSt Mirren2-:-13-:-1Home
45HibernianCeltic0-:-21-:-2Away
46KilmarnockDundee Utd.1-:-01-:-1ScoreDraw
47LivingstonAberdeen0-:-00-:-1Away
48MotherwellHearts0-:-00-:-0noScoreDraw
49RangersFalkirk0-:-00-:-0noScoreDraw

Week 21 Pool Result For Sat 22, Nov 2025, UK 2025/2026

{"remix_data":[],"remix_entry_point":"challenges","source_tags":["local"],"origin":"unknown","total_draw_time":0,"total_draw_actions":0,"layers_used":0,"brushes_used":0,"photos_added":0,"total_editor_actions":{},"tools_used":{"addons":1},"is_sticker":false,"edited_since_last_sticker_save":true,"containsFTESticker":false}

Week 21 pool results 2025: Football pools results, live football pool result today, pool result today saturday matches, pool results for this week, british and aussie pool result, football pools results and fixtures, pools panel results today, pool panel results and live score pool result today. We publish half-time results first of its kind.

Week 21 Pool Results: Football pools results for this week 21 2025 are published on this website immediately after full-time confirmation of live score results. We also publish the outcome of postponed matches by the football pools panel at half-time as decided by the football pools. This week’s Week 21 Pool Results are made available in partnership with Bizwatch Nigeria.

WEEK: 21; SEASON: UK 2025/2026; DATE: 22-November-2025
Football Pools ResultsHTFTStatus
1ArsenalTottenham2-:-04-:-1Home
2BournemouthWest Ham0-:-22-:-2ScoreDraw
3BrightonBrentford0-:-12-:-1Home
4BurnleyChelsea0-:-10-:-2Away
5FulhamSunderland0-:-01-:-0Home
6Leeds Utd.Aston Villa1-:-01-:-2Away
7LiverpoolNott’m For.0-:-10-:-3Away
8NewcastleMan City0-:-02-:-1Home
9WolvesCrystal P.0-:-00-:-2Away
10BirminghamNorwich3-:-14-:-1Home
11Bristol C.Swansea2-:-03-:-0Home
12CharltonSouthampton1-:-51-:-5Away
13CoventryWest Brom1-:-23-:-2Home
14DerbyWatford1-:-02-:-3Away
15IpswichWrexham0-:-00-:-0noScoreDraw
16LeicesterStoke2-:-02-:-1Home
17Oxford Utd.Middlesbro1-:-01-:-1ScoreDraw
18PortsmouthMillwall1-:-03-:-1Home
19Q.P.R.Hull1-:-13-:-2Home
20Sheff Wed.Sheff Utd.0-:-10-:-3Away
21A.WimbledonWigan A.0-:-01-:-2Away
22BarnsleyLuton3-:-05-:-0Home
23BoltonBradford C.0-:-00-:-0noScoreDraw
24ExeterBurton A.VoidPPAway
25Leyton O.Blackpool1-:-01-:-1ScoreDraw
26MansfieldHuddersfield0-:-31-:-3Away
27NorthamptonCardiff0-:-11-:-3Away
28Port ValePlymouth0-:-00-:-1Away
29ReadingRotherham0-:-11-:-1ScoreDraw
30StevenageDoncaster0-:-00-:-0noScoreDraw
31WycombeLincoln2-:-03-:-2Home
32BarrowCambridge U.0-:-00-:-2Away
33BromleySalford C.2-:-02-:-0Home
34CheltenhamBristol R.0-:-01-:-0Home
35CrawleyAccrington0-:-11-:-1ScoreDraw
36CreweChesterfield1-:-23-:-3ScoreDraw
37FleetwoodShrewsbury1-:-03-:-1Home
38GillinghamBarnet1-:-11-:-1ScoreDraw
39HarrogateWalsall0-:-10-:-2Away
40Notts Co.Colchester1-:-11-:-3Away
41OldhamNewport Co.0-:-03-:-0Home
42SwindonGrimsby2-:-22-:-2ScoreDraw
43TranmereMilton K.D.2-:-02-:-2ScoreDraw
44AberdeenHearts1-:-01-:-0Home
45Dundee Utd.Falkirk0-:-20-:-3Away
46HibernianDundee1-:-02-:-0Home
47KilmarnockMotherwell0-:-21-:-3Away
48RangersLivingston1-:-12-:-1Home
49St MirrenCeltic0-:-00-:-1Away

Week 26 Pool Fixtures For Sat 27, Dec 2025, UK 2025/2026

Now you can find the Week 26 pool fixtures 2025: pool fixtures for this week, this week pool fixtures, football pools results and fixtures, pool fixtures this week, classic pool fixtures, Aussie pool fixtures, UK pool fixtures, advance pool fixtures, Australia pool fixtures, pool panel results, pool result today Saturday, pool results and fixtures this week, fortune soccer pool fixtures.

Find all the Week 26 pool fixtures on Bizwatchnigeria.ng as soon as they are released by the FPA (Football Pools Authority).

Pool Fixtures For This Week: 26; SEASON: UK 2025/2026
Advance Pool FixturesStatus
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49

Week 25 Pool Fixtures For Sat 20, Dec 2025, UK 2025/2026

{"total_draw_time":0,"uid":"fd63a80d-2397-41d8-b02d-0fd26ba79637","layers_used":0,"effects_tried":0,"photos_added":0,"origin":"unknown","effects_applied":0,"brushes_used":0,"total_effects_time":0,"total_draw_actions":0,"total_editor_actions":{"text":7},"longitude":-1,"total_effects_actions":0,"latitude":-1,"tools_used":{},"fte_image_ids":[],"total_editor_time":189}

Now you can find the Week 25 pool fixtures 2025: pool fixtures for this week, this week pool fixtures, football pools results and fixtures, pool fixtures this week, classic pool fixtures, Aussie pool fixtures, UK pool fixtures, advance pool fixtures, Australia pool fixtures, pool panel results, pool result today Saturday, pool results and fixtures this week, fortune soccer pool fixtures.

Find all the Week 25 pool fixtures on Bizwatchnigeria.ng as soon as they are released by the FPA (Football Pools Authority).

Pool Fixtures For This Week: 25; SEASON: UK 2025/2026
Advance Pool FixturesStatus
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49

Week 24 Pool Fixtures For Sat 13, Dec 2025, UK 2025/2026

Now you can find the Week 24 pool fixtures 2025: pool fixtures for this week, this week pool fixtures, football pools results and fixtures, pool fixtures this week, classic pool fixtures, Aussie pool fixtures, UK pool fixtures, advance pool fixtures, Australia pool fixtures, pool panel results, pool result today Saturday, pool results and fixtures this week, fortune soccer pool fixtures.

Find all the Week 24 pool fixtures on Bizwatchnigeria.ng as soon as they are released by the FPA (Football Pools Authority).

Pool Fixtures For This Week: 24; SEASON: UK 2025/2026
Advance Pool FixturesStatus
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49

Investors Shed ₦197bn As Sell-Off Hits NGX At Start Of December

Buyback Fever Pushes Dangote Cement Share Price Up By 10 percent

The Nigerian equity market opened the month of December on a bearish tone, with investors wiping off more than ₦197 billion in market value as sell-offs dominated the trading floor of the Nigerian Exchange (NGX).

Monday’s session saw major market indicators trend downward by 0.22%, reflecting cautious sentiment across key sectors. Profit-taking activities in heavyweights such as ARADEL, DANGSUGAR, and WAPCO contributed to the decline.

The NGX All-Share Index dipped by 310.20 points, closing at 143,210.33, while total market capitalisation fell to ₦91.08 trillion, representing a loss of ₦197.31 billion.

Trading activity weakened as overall transaction volume and value dropped by 19.74% and 6.82%, respectively. Stockbrokers reported that investors exchanged approximately 1.466 billion shares worth ₦18.66 billion in 28,956 deals.

WEMABANK dominated both the volume and value charts, contributing 20.37% of total volume and 14.75% of total trade value. Other top-traded stocks included ACCESSCORP, FIDELITYBK, ZENITHBANK, and CUSTODIAN.

Market breadth tilted negative as 26 stocks declined compared to 19 gainers. INTBREW led the losers’ chart with a 10% decline, while RTBRISCOE, CORNERST, DAARCOMM, REGALINS, and UPDC also recorded significant drops.

On the flip side, NCR topped the gainers’ chart with a 9.97% increase, followed by SUNUASSUR, CHAMPION, MECURE, GUINEAINS, and LINKASSURE.

Sectoral performance reflected the overall market downturn, with three of the five major sectors closing in the red. Consumer Goods fell by 1.01%, Oil & Gas dipped 0.11%, and Industrial Goods shed 0.07%. The Banking and Insurance sectors posted marginal gains of 0.11% and 0.10% respectively.

Naira Weakens To N1,448 Despite Fresh FX Liquidity Boost

Federation Account Amasses Over ₦5trn In 6months- RMAFC

The naira depreciated at the official foreign exchange window on Monday, retreating amid tightening FX supply and increased demand for external payments. This came despite renewed dollar injections totalling US$186.60 million sold to commercial banks last week.

According to daily FX figures released by the Central Bank of Nigeria (CBN), the currency slipped to N1,448.4355/$1, losing approximately N2 from the previous rate of N1,446.7421/$1.

Trading reports indicated that the official window saw heightened pressure as the intraday spot rate rose to N1,452/$1. The lowest intraday trade was recorded at N1,445/$1, unchanged from the previous week, hinting that sustained CBN interventions helped moderate volatility.

This development occurred as the Nigerian FX market posted a significant rise in U.S. dollar inflows, climbing 64% week-on-week to hit US$841.10 million, according to an update from Coronation Merchant Bank’s research division.

CBN accounted for 33.42% of the inflows, contributing US$281.10 million, followed by non-bank corporates (23.07%), foreign portfolio investors (19.38%), individuals (5.45%), and other minor sources (2.01%).

Despite the injections, the naira continues to face structural constraints driven by rising demand for school fees, medical payments, and import-related obligations.

Nigeria’s GDP Expands By 3.98% In Q3 2025 As Oil And Non-Oil Sectors Strengthen

"FG Is Committed To Improving The Economy" - National Planning Minister

Nigeria’s economic output continued its growth trajectory in the third quarter of 2025, with the National Bureau of Statistics (NBS) reporting a 3.98% year-on-year increase in GDP. The expansion was driven by stronger activities in both the oil and non-oil sectors, which climbed 5.84% and 3.91% respectively.

The Q3 figure slightly outperformed the 3.86% recorded in the same quarter of 2024, though it remained below the 4.23% growth posted in Q2 2025. Agriculture recorded one of its strongest third-quarter performances in recent years, growing 3.79%, a notable increase from the 2.55% reported in Q3 2024.

The industrial sector also rebounded, posting a 3.77% growth rate compared to 2.78% the previous year. However, the services sector, while still the largest contributor to GDP, slowed to 4.15% from the 4.97% recorded in the corresponding quarter of 2024.

Despite the moderation, services remained the backbone of the economy, accounting for 53.02% of total GDP, a slight increase from 52.93% in Q3 2024. Nominal GDP for the quarter stood at N113.59 trillion, up from N96.16 trillion the previous year, representing an 18.22% growth in nominal terms.

The oil sector delivered a 5.84% year-on-year expansion, marginally higher than 5.66% in Q3 2024 but significantly lower than the 20.46% reported in Q2 2025. The sector’s total contribution to real GDP stood at 3.44%, compared to 3.38% in Q3 2024.

Average crude oil production rose to 1.64 million barrels per day (mbpd), 0.17 mbpd higher than production in Q3 2024. However, the figure was slightly lower than Q2 2025’s 1.68 mbpd.

The bureau noted that September 2025 experienced a temporary dip in crude output to 1.58 mbpd due to a three-day strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). Additionally, maintenance activities at major installations contributed to the decline.

The non-oil sector maintained dominance, contributing 96.56% to real GDP, supported by strong performance in crop production, ICT (especially telecommunications), real estate, financial institutions, trade, construction, and manufacturing.

NBS further explained that the GDP calculation has been rebased with 2019 as the new base year to reflect a more stable economic environment, aligning both quarterly and annual GDP records to global statistical standards.

U.S. Dollar Inflows Surge 64% As CBN Intensifies Support in FX Market

The Nigerian foreign exchange landscape saw a sharp rise in U.S. dollar inflows last week as the Central Bank of Nigeria (CBN) increased its intervention efforts at the official FX window, helping to counteract mounting pressures on the naira.

A research update from Coronation Merchant Bank’s analytics division revealed that total FX inflows through the Nigerian Foreign Exchange Market (NFEM) climbed substantially to US$841.10 million, marking a 64.21% week-on-week increase compared to the US$512.20 million reported the previous week.

The breakdown showed the CBN remained the dominant contributor, responsible for 33.42% of total inflows, amounting to US$281.10 million. Non-bank corporates accounted for 23.07%, while foreign portfolio investors followed with 19.38%. Retail individuals made up 5.45%, and other minor channels contributed 2.01%.

Alongside these inflows, Nigeria’s external reserves inched up to US$44.6 billion, supported by the improved liquidity conditions. Analysts projected that the exchange rate would trade within its current range, staying below the N1,500/$1 threshold as long as intervention activities and liquidity stability persist.

The naira experienced mixed results across market segments. At the official market, the currency appreciated slightly, gaining 0.69% week-on-week to close at N1,446.74/$1. However, the parallel market told a different story, as the naira slipped by 0.34% to close at N1,470/$1, widening the gap between both markets to N23.26, up from N8.28 recorded the previous week.

In the global energy market, crude oil prices posted modest gains fuelled by supply caution and geopolitical tensions. U.S. rig counts fell to a four-year low, signalling possible supply tightness, while renewed expectations of a Federal Reserve rate cut boosted demand sentiment. Market watchers monitored developments in the Russia-Ukraine peace negotiations and anticipated decisions from the upcoming OPEC+ meeting, factors that added a layer of uncertainty to global oil projections.

Despite higher U.S. crude stockpiles, the post-Thanksgiving trading rush pushed benchmark prices upward, though gains remained fragile. Brent crude closed the week at US$63.20 per barrel, up 1.02%, narrowing its year-to-date loss to 15.33%. Its 2025 year-to-date average stands at US$68.65, which is 14.03% below the 2024 average.

Nigeria’s Bonny Light crude also posted strong performance, rising 3.13% to settle at US$66.29 per barrel, maintaining a premium of US$2.36 per barrel. Year-to-date, Bonny Light has declined by 12.18%, averaging US$71.54 per barrel in 2025.

CBN, BUA, First Bank Listed Among Abuja’s Major Land Charge Defaulters

The Federal Capital Territory Administration (FCTA) has named the Central Bank of Nigeria (CBN), BUA International Limited, First Bank of Nigeria and several other prominent organisations among more than 1,000 property owners who have defaulted on statutory land charges in Abuja.

In a public notice issued on Monday, the FCTA published the names of corporate bodies, government agencies and individuals whose property titles were recently revoked for failing to pay ground rent, certificate of occupancy (C-of-O) fees, land use conversion charges and associated penalties.

Officials said enforcement actions on 1,095 affected titles would commence shortly. The revoked properties cut across some of the Federal Capital Territory’s most valuable neighbourhoods, including Asokoro, Maitama, Garki and Wuse.

835 Defaulters Owe Ground Rent, 260 Face Conversion Penalties

According to the administration, several notices were issued to the affected titleholders, but many failed to comply. Of the revoked titles,

835 relate to unpaid ground rent,

260 involve land use conversion fees and other violations.

The list includes a wide range of institutions:

Financial institutions: First Bank, Guaranty Trust Bank, Ecobank Nigeria, Zenith Bank, Union Bank, and United Bank for Africa.

Government agencies: CBN, Nigerian Television Authority, Nigerian Ports Authority, Revenue Mobilisation Allocation and Fiscal Commission, News Agency of Nigeria, Nigerian Social Insurance Trust Fund.

Security agencies: Nigeria Police Force, Nigeria Navy, Office of the National Security Adviser, Nigerian Security and Civil Defence Corps.

Private companies: BUA International Limited, Ibeto Cement Company, MRS Investments, Urban Shelter, Adkan Services, Pokobros Group.

Religious and private institutions: Catholic Archdiocese of Abuja, several private estates, construction firms and defunct banks.

A separate section of the list shows organisations penalised for land use contravention, including the Nigerian National Petroleum Company Limited (NNPC), Continental Trust Bank and some estate developers.

The FCTA said the revocations form part of a wider campaign to sanitise Abuja’s land administration system, boost Internally Generated Revenue (IGR) and enforce compliance with statutory land obligations.

Officials noted that failure to pay ground rent and related charges deprives the FCT of critical revenues required for infrastructure development, urban services and environmental management.

The administration emphasised that defaulters would have the opportunity to resolve outstanding dues, but enforcement measures would proceed in line with legal provisions to ensure greater discipline in land administration.

Dollar To Naira Exchange Rate For 2nd December 2025

Dollar To Naira Exchange Rate For 8th Dec 2023

The exchange rate between the Naira and the US dollar, according to the data released on the FMDQ Security Exchange, the official forex trading portal, showed that the naira closed at 1460.00 per $1 on Tuesday, December 2nd , 2025. The naira traded as high as 1445.00 to the dollar at the investors and exporters (I&E) window on Monday.

How much is a dollar to naira today in the black market?

Dollar to naira exchange rate today black market (Aboki dollar rate):

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1475 and buy at ₦1460 on Monday 1st December, 2025, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN)Black Market Exchange Rate Today
Selling Rate₦1475
Buying Rate₦1460

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)CBN Rate Today
Highest Rate₦1452
Lowest Rate₦1445

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

Keyamo Says Aviation Taxes Can Only Be Reviewed Through Joint Government Process

Minister of Aviation and Aerospace Development Festus Keyamo says a decision on revising aviation taxes must come from a coordinated government process involving several ministries and the National Assembly.

He spoke in Abuja on Monday at an event marking 100 years of aviation in Nigeria. He said concerns raised by airlines about multiple taxation are part of broader policy issues that extend beyond the authority of the aviation ministry.

Keyamo said tax issues fall under the responsibilities of the Ministry of Finance, the Federal Inland Revenue Service and other revenue bodies. He said these agencies must take part in any discussion about removing or modifying statutory levies in the aviation sector.

According to him, the aviation minister does not have the power to suspend or alter taxes that are already captured in law. He said changes to such levies require legislative action and full government agreement.

He said President Bola Tinubu has shown interest in easing tax pressure on the sector. He said the president recently exempted aviation from a four per cent tax that was scheduled to take effect before it was withdrawn.

Keyamo said a committee set up by the president is reviewing the issue of multiple taxation. He said the committee is expected to study all existing charges affecting airline operations and make recommendations.

He said infrastructure remains the most significant barrier to aviation growth. He said major airports lack hub systems that allow for seamless international transfers, which limits the capacity of Nigerian airlines to compete on long-haul routes.

He said the absence of modern transit facilities forces inbound passengers to complete immigration procedures even when they intend to connect to another flight. He said airlines cannot expand their route networks without investments in airport upgrades.

Keyamo said Air Peace and other domestic carriers can expand international services if hubs are developed. He said airlines need efficient transfer facilities to operate connecting routes and increase passenger volumes.

He said access to credit and aircraft leasing is another challenge for operators. He said airlines need financing to acquire aircraft and maintain fleet operations, adding that market demand is not the problem.

The minister spoke against the background of the federal government’s new tax reform law, which consolidates several tax statutes into a unified framework aimed at restructuring revenue administration.

Industry groups have raised concerns about the removal of certain exemptions that previously applied to airline operations. The exemptions include duties on aircraft parts, VAT on air tickets and specific service charges.

The review committee is expected to consult with operators, agencies and lawmakers as it examines the concerns and determines possible adjustments to the current tax framework.

Shettima Endorses India’s Smart Class Technology For Nigerian Schools

Shettima Establishes Council To Combat Nutritional Challenges

Vice President Kashim Shettima has endorsed a proposal by Schoolnet India Limited and Learnet Skills Limited to introduce their KYAN smart class technology in Nigerian schools.

The Vice President described the innovation as a potentially transformative tool for basic education if adapted to local needs. Hosting a delegation from the Indian firms at the State House in Abuja, Senator Shettima said the “school in a box” solution, which uses interactive smart boards, digital learning content, and AI-enabled teaching aids, could strengthen teaching and learning across Nigeria’s primary and secondary schools.

Vice President Shettima, who previously deployed the KYAN system as governor of Borno State, said the technology’s ruggedness and versatility make it suitable for classrooms, especially in underserved communities. He noted that one device can serve up to seventy students and urged the companies to adapt the system to the Nigerian curriculum.

“The beauty of KYAN is that it is a very rugged machine. You can use one card to teach seventy students. I am more interested in a package for primary and secondary schools tailored to our local curriculum,” Shettima said, according to a statement by his Senior Special Assistant on Media and Communications, Stanley Nkwocha.

The Vice President encouraged the firms to collaborate directly with federal officials to design a version suitable for Nigeria, including local content integration and alignment with national education standards. He highlighted the progress states such as Edo and Enugu have made in smart school development and emphasised that harmonising these efforts with KYAN would benefit schools nationwide.

Mr R. C. M. Reddy, Managing Director and CEO of Schoolnet India Limited, said the company was inspired by Nigeria’s commitment to digital learning. He described KYAN as an all-in-one solution capable of functioning in low-connectivity environments. The system features an integrated projector, computer, and camera and converts any wall into a smart board. It comes preloaded with digital content for grades one to ten, allowing teaching to continue even where internet access is limited.

Reddy added that teachers in Borno State were trained to use the system under Shettima’s leadership. He explained that KYAN improves teacher capacity and classroom performance, noting that with proper use, a teacher can progress from good to star-level effectiveness.

He assured the Vice President that Schoolnet would work closely with Nigerian education authorities to develop an integrated solution suitable for all learning environments, from urban classrooms to remote villages.

Shettima reaffirmed the Federal Government’s commitment to expanding digital literacy and deploying technology to bridge learning gaps nationwide.

Senate Signals Readiness To Approve Police Pension Exit Bill

The Senate says it may pass the Pension Reform Amendment Bill that will allow police personnel to exit the contributory pension scheme.

Senate President Godswill Akpabio gave the indication in Abuja during a meeting with retired police officers under the Police Retired Officers’ Forum. The retirees have been holding peaceful demonstrations at the National Assembly for several weeks.

Akpabio said all other security agencies have already exited the contributory pension scheme. He said there is no reason for police retirees to remain under the arrangement.

He acknowledged the role of retired police officers in internal security. He said the National Assembly will work to address their concerns.

The House of Representatives had earlier passed the amendment bill and sent it to the Senate for concurrence. The action followed agitation by retired officers led by the National Coordinator of the forum, Chief Superintendent of Police Raphael Irowainu.

Akpabio told the retirees that the Senate will remove all obstacles to the bill. He said the aim is to ensure police retirees receive benefits similar to those of other security personnel.

Lawmakers at the meeting said the Senate may consider the bill during Tuesday’s plenary session. They said the retired officers may be invited to attend the sitting.

The development followed an earlier incident in which the retirees were denied entry into the National Assembly Complex. They were later admitted after the spokesman of the House of Representatives, Akin Rotimi, addressed them.

Rotimi said the retirees served the country for decades and should receive improved pension and gratuity. He said the current payments have created hardship for many of them.

He assured the group that the House will support the Senate in completing the concurrence process. He said the National Assembly will transmit the bill to the President once the process is completed.

Rotimi apologised for delays in addressing the retirees. He asked them to return to their states and said the National Assembly will fast-track work on the bill.

Katsina Targets N20bn Gratuity Backlog As New Pension Reform Takes Effect

The Katsina State Government has outlined plans to clear the outstanding N20 billion gratuity arrears owed to retired workers, reaffirming its resolve to stabilise the state’s pension administration.

Chairman of the State and Local Government Pension and Gratuity Committee, Farouk Aminu, announced the move while presenting the newly enacted 2025 Pension Reform Law to journalists in Katsina.

He said the state had instituted measures to ensure that civil servants begin to receive gratuities in the same month they retire. He added that verification of liabilities accumulated between September 2023 and October 2025 was nearing completion. According to him, Governor Dikko Radda has pledged to release the necessary funds once the verification exercise is concluded.

Aminu said the state had earlier paid N23 billion to settle arrears covering the fourth quarter of 2019 to August 2023. He said the new N20 billion commitment forms part of efforts to address a backlog that has placed pressure on retirees and weakened the pension system.

He said the broader objective is to restructure the retirement process so that workers exit service with immediate access to their benefits.

Aminu explained that the 2025 Pension Reform Law introduces a dual contributory pension model aimed at ensuring sustainable payment of retirement and death benefits across the state and local government levels.

He said workers who are already retired or have five years or less until retirement will remain under the defined benefits system to protect their accrued rights. Those with more than five years to retirement will join the contributory scheme.

According to him, the government and employees under the Contributory Defined Benefits Scheme will contribute to a pooled fund managed by licensed Pension Fund Administrators, ensuring benefit payments from professionally managed assets.

He added that workers under the Contributory Pension Scheme will have monthly contributions paid into individual Retirement Savings Accounts in line with the federal model.

Enugu Bolsters Security With Hi-Tech Equipment And Patrol Vehicles

Governor of Enugu State, Dr. Peter Mbah, has inaugurated new hi-tech security equipment and patrol vehicles to strengthen the safety of lives and property in the state. The items were procured by the Enugu State Security Trust Fund, ESSTF.

The equipment includes two Vertical Take-off and Landing drones, ten Hilux 4×4 vehicles, forty motorcycles, 400 bulletproof vests, and 400 bulletproof helmets. Governor Mbah inaugurated the items at Government House, Enugu, and thanked the Trustees of ESSTF for their commitment to enhancing security.

He said the new equipment would complement existing investments, including the state-of-the-art Command and Control Centre, AI-enabled surveillance cameras, and over 150 Distress Response Squad vehicles fitted with AI-embedded cameras. Governor Mbah stated that security is essential to the success of the state’s vision and promised continued cooperation with the Federal Government to ensure safety across the country.

“The security challenges we face are local, and it is the responsibility of the state to ensure the safety of its communities. These items will help maintain Enugu as the safest state in the country. Violent crimes have already been reduced by over 80 percent, but we must continue to invest in equipment and infrastructure to prevent crime and respond quickly when incidents occur,” he said.

Earlier, the Chairman of ESSTF, Ike Chioke, represented by Board member Nath Udeh, said there was no longer any hiding place for criminals. He explained that the newly inaugurated equipment would support the governor’s efforts to position Enugu as a safe state for living and investment. He highlighted that the improvement in security had contributed to increased business and visitor traffic in the state.

The Executive Secretary of ESSTF, Engr. Chinedu Ani, explained that the VTOL drones can operate in any terrain without a runway and have a coverage range of 100 kilometres. They can cruise at 120 kilometres per hour and are equipped with thermal, night vision, and daytime cameras. The AI-enabled cameras allow authorities to track suspects, vehicles, and individuals anywhere within the state.

A Trustee of ESSTF and Anglican Bishop of Enugu Diocese, Rt. Rev. Onyekachi Onyia, emphasised the importance of the security investments. He noted that maintaining Enugu’s safety is crucial for the stability of the South East region.

BBC Report Suggests Georgian Protesters Exposed To Obsolete Chemical

A BBC investigation has found evidence suggesting that protesters in Georgia were exposed to a World War One-era chemical agent during demonstrations against the government last year. According to the report, authorities used water cannons containing bromobenzyl cyanide, also known as camite, a compound previously deployed as a riot-control agent but abandoned for its long-lasting and highly irritating effects.

Protesters described intense burning sensations and persistent skin irritation after being sprayed. Other reported symptoms included shortness of breath, vomiting, coughing, headaches, and fatigue lasting for weeks. One protester, Gela Khasaia, said the chemical caused his skin to burn in a way that could not be washed off immediately.

The BBC report drew on interviews with chemical weapons experts, whistleblowers from Georgia’s Special Tasks Department, and medical professionals. Dr. Konstantine Chakhunashvili, a paediatrician who participated in the protests and was exposed himself, conducted a survey of nearly 350 individuals. Almost half reported prolonged symptoms lasting more than 30 days, and medical examinations revealed abnormalities in heart electrical signals in several cases. His study has been peer-reviewed and accepted by Toxicology Reports.

Former officials of the riot police told the BBC that the chemical had been tested for use in water cannons as early as 2009. One, Lasha Shergelashvili, warned at the time that it was far stronger and more persistent than conventional tear gas. Documents obtained by the BBC include a 2019 inventory listing chemicals used by the Special Tasks Department, with codes linked to trichloroethylene and camite.

Toxicology experts consulted by the BBC concluded that the reported symptoms are consistent with exposure to camite rather than standard crowd-control agents like CS gas. Prof. Christopher Holstege noted that the chemical is markedly persistent and highly irritating, and its use today could constitute a serious violation of international law.

The UN Special Rapporteur on Torture, Alice Edwards, told the BBC that populations should never be subjected to experimental chemical agents. She emphasised that crowd-control measures must have temporary effects and warned that the symptoms described suggest possible human rights violations.

Georgia’s authorities dismissed the BBC report as “absurd” and maintained that law enforcement acted within the law while responding to illegal actions by protesters. Demonstrations in Tbilisi have continued over the past year, with citizens raising concerns about election integrity, civil liberties, and government accountability.

BizWatchNigeria.Ng
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.