The Central Bank of Nigeria (CBN) says it will offer about N252 billion in treasury bills next week. The offer comprises of N6.10 billion, N69.57 billion, and N177.22 billion of the 91-day, 182-day, and 364-day bills respectively. Meanwhile, proceedings were broadly bearish in the treasury bills market this week, as average yield rose by 11 bps to 14.16%, amidst relatively tight liquidity earlier in the week. Yields expanded across all ends of the curve – short, mid, and long.

The African Development Bank, (AfDB) would increase its investments in Nigeria to $8 billion by next year, the President, Dr. Akinwumi Adesina, has revealed. Speaking at the opening of the bank’s Country Office building in Abuja, Thursday, he said that the institution would continue to strongly support Nigeria, the largest shareholder of the bank.

The Economic and Financial Crime Commission (EFCC) says contrary to widespread reports, the arrest of the former Secretary to the Government of Federation (SGF), Babbachir Lawal has nothing to with the recent statement issued by former President Olusegun Obasanjo. The Acting Spokesman of the Commission, Samin Amaddin stated this on Friday in a statement released to newsmen in Abuja. He explained that contrary to insinuations, his arrest was coincidental.

Kemi Adeosun, Nigeria’s Minister of Finance, says the African Development Bank (AfDB) provided $1 billion for Nigeria in 2016 when the economy was in recession. The minister made this known on Thursday at the commissioning of the bank’s permanent office building in Abuja. According to a statement signed by Oluyinka Akintunde, special adviser, media and communications to the minister, Nigeria has only drawn $600 million of the provided amount.

Members of Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) have said there is no need for the Federal Government to set up cattle colonies in the South-East geopolitical zone. The Anambra State Chairman of the group, Alhaji Sadiq Gidado stated this on Friday at a news conference in Awka, the state capital. He maintained that the planned establishment of cattle colonies was unnecessary in the region because of the cordial relationship that exit between herdsmen and locals.

London-based magazine, The Economist has written a letter to President Muhammadu Buhari, disowning a damning report purportedly written by it about his administration. The Special Adviser to the President on Media and Publicity, Femi Adeshina made this known to newsmen in a statement issued on Thursday. Adeshina said the letter, dated January 18 was written and signed by Rosenthal, the Africa Editor of the Magazine.

The Nigeria Labour Congress (NLC) on Thursday called on the Tripartite Committee on the National Minimum Wage to fast-track the process in good time. The President of the NLC Ayuba Wabba, made the call at the 11 Quadrennial National Delegate Conference of the Nigeria Civil Service Union (NCSU) in Abuja. He said Nigerian workers must be made to have minimum wage commensurate to their counterparts in other countries.

The Country Director, African Development Bank (AfDB), Mr Ebrima Faal, said the bank would focus mostly on power sector in 2018. Faal said this during an interaction with newsmen at the newly-built Nigeria Country Department Office on Tuesday in Abuja. He said the new office to be commissioned on January 18, was the first structure to be designed and constructed from scratch.

The Nigerian Senate on Thursday directed the Nigerian National Petroleum Corporation (NNPC) to end the lingering fuel scarcity in the country within seven days to assuage the suffering of motorists. The directive followed the unanimous adoption of a report of the Committee of Petroleum Resources (Downstream) on the fuel crisis in the country, at the day's plenary.

United Nations Economic Commission for Africa launched its World Economic Situation and Prospects report (WESP2018) in Addis Ababa on January, 16, 2018, under the auspices of the Macroeconomic Policy Division, the reported stated that Africa’s GDP records are expected to take a turnaround from the 3.0% to 3.5% by 2018.