Nasiru Suwaid

Iran’s shadow banking system facilitates the illicit transfer of funding for terrorist purposes. As Treasury systematically dismantles Tehran’s shadow banking system and shadow fleet under Economic Fury, financial institutions must be alert to how the regime manipulates the international financial system to wreak havoc.

The Equities and Fixed income markets closed higher today as the ETPs marked dipped by 3.57%. Equities market cap closed at N161.27tn while Fixed Income market cap closed at N55.83tn. #NGXTradingStatistics

President/Chief Executive of Dangote Industries Limited, Aliko Dangote, on Wednesday, 20 May, 2026 hosted Chairman of First HoldCo Group, Olufemi Otedola, alongside senior executives, at the Dangote Petroleum Refinery & Petrochemicals. More than a visit, the engagement reflects the growing alignment between Africa’s industrial and financial leadership around a shared belief, that the continent’s future must be built on production, infrastructure, energy security, and long-term investment in African capacity. As one of the largest industrial projects on the continent, the Dangote Petroleum Refinery & Petrochemicals stands as a symbol of what is possible when ambition is matched with execution at scale. It continues to attract strategic interest from institutions and business leaders committed to strengthening regional self-sufficiency, driving industrial growth, and reshaping Africa’s economic future from within. #DangoteRefinery #AlikoDangote #Industrialisation

Bloomberg: "Yields on the US Treasury’s longest-dated bond rose to the highest level in almost two decades as investor concerns mount that accelerating inflation will force central bankers to raise interest rates." #economy #markets #bonds

The U.S.-Nigeria counterterrorism partnership continues. Following the May 15 operation that killed Abu-Bilal al-Minuki, Nigerian Armed Forces and @USAfricaCommand continued strikes against ISIS militants in Northeastern Nigeria. The removal of these terrorists diminishes the group’s capacity to threaten the safety and security of the United States and our partners. This demonstrates the shared U.S.-Nigerian commitment to defeating terrorism and protecting our citizens. No U.S. or Nigerian forces were harmed.

Following my successful visit to Japan last week, I spoke with @Bank_of_Japan_e Governor Kazuo Ueda today on the sidelines of the @G7 about Japan’s resilient economy and market outlook. I am confident that Governor Ueda will successfully guide Japan’s monetary policy, and I believe the fundamentals of the Japanese economy are strong and that excess FX volatility is undesirable.

Work in progress. Not finished. We are building an energy future Nigeria—and Africa—can be proud of. Please join us, or hold us accountable. Either way, the work continues because we are committed to the mandate and to protecting the interests of Nigeria. 👷🏿

.@USTreasury is issuing a temporary 30-day general license to provide the most vulnerable nations with the ability to temporarily access Russian oil currently stranded at sea. This extension will provide additional flexibility, and we will work with these nations to provide specific licenses as needed. This general license will help stabilize the physical crude market and ensure oil reaches the most energy-vulnerable countries. It will also help reroute existing supply to countries most in need by reducing China’s ability to stockpile discounted oil.

Today at Nakasero, I met Mr. Aliko Dangote and we discussed the proposed East African regional refinery. I informed him that from the very beginning, we have always opposed the export of raw materials without value addition. That is why Uganda delayed oil production because we insisted on first having a refinery. Without refining our oil, it would not make economic or strategic sense to simply export crude oil while others benefit from the finished products. I, therefore, welcomed the idea of a bigger regional refinery because our objective is African integration and shared prosperity. We cannot continue operating as fragmented and weak markets. If East Africa works together, such projects become more viable and beneficial to our people. Uganda is ready to support the regional refinery initiative while also continuing with the development of our own refinery in Hoima.

"Economists have long been interested in how leaders of economic entities allocate their scarce time and attention.... ..studying the time allocation of [the last three] Federal Reserve Chairs provides important insights into leadership generally and the Fed’s institutional evolution more specifically." #economy #federalreserve

Chelsea Football Club is delighted to announce the appointment of Xabi Alonso as Manager of the Men’s Team. The Spaniard will begin his role on July 1, 2026, having agreed a four-year contract at Stamford Bridge. Welcome to Chelsea, Xabi!

“This operation underscores the exceptional value of the U.S.-Nigeria partnership and was made possible through the cooperation and coordination of our forces in recent months. Make no mistake, our two nations will relentlessly pursue and neutralize terrorist threats and are committed to protecting our people and interests.” - AFRICOM Commander Gen. Anderson

🚨 BREAKING: Xabi Alonso has accepted to become Chelsea next manager, HERE WE GO! 🔵🔜 The agreement is set to be completed. #CFC prepare official announcement for the upcoming days, but Xabi said YES. 💣

S&P Global Ratings has upgraded Nigeria’s sovereign credit rating to ‘B’ from ‘B-’ — the first upgrade in over 14 years. According to S&P, this reflects progress on key reforms, including FX unification, the removal of fuel subsidies, improved oil output, and stronger external reserves. While this rating still leaves Nigerian bonds in speculative (“junk”) grade territory, the move signals rising investor confidence and should modestly ease future borrowing costs. A positive step.

S&P lifted Nigeria’s credit rating for the first time since 2012, citing higher oil prices and the country’s improved capacity to refine and export crude bloomberg.com/news/articles/…

Nigeria appreciates this partnership with the United States in advancing our shared security objectives. I extend my sincere gratitude to President Trump for his leadership and unwavering support in this effort. I commend the personnel involved on both sides for their professionalism and courage, and I look forward to more decisive strikes against all terrorist enclaves across the nation. PRESIDENT BOLA AHMED TINUBU

The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso has unveiled the 4th Edition of the CBN Foreign Exchange Manual, reinforcing efforts to deepen transparency and strengthen Nigeria’s FX market framework. #CBN #FXManual 1/8

“Tonight, at my direction, brave American forces and the Armed Forces of Nigeria flawlessly executed a meticulously planned and very complex mission to eliminate the most active terrorist in the world from the battlefield. Abu-Bilal al-Minuki, second in command of ISIS…” - President Trump

𝐎𝐧𝐞 𝐀𝐟𝐫𝐢𝐜𝐚, 𝐒𝐡𝐚𝐫𝐞𝐝 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲 I had the pleasure of a courtesy visit to Mr. Yusuf Murangwa, Rwanda’s Minister of Finance and Economic Planning today on the sidelines of the just concluded Africa CEO Forum in Kigali. Our discussions centred on shared priorities around: • economic reforms and investment competitiveness • regional integration and deeper cooperation under the AfCFTA • investment promotion and ratification of double taxation agreement between our countries • a harmonised African voice on global fiscal issues • capital mobility, visa regimes, and ease of doing business across Africa • public financial management transparency and institutional efficiency • sustainable financing and revenue mobilisation for development We also exchanged valuable insights on fiscal policy reforms and Rwanda’s institutional execution model, which continues to attract global attention for its discipline, coordination, and implementation effectiveness. Africa’s future will be shaped not by isolated national successes, but by stronger regional collaboration, policy consistency, and our collective ability to create competitive, integrated economies that attract investment and create opportunities for our people. This is the Africa We Want and the Africa we must build, together. #AfricaCEOForum #RegionalIntegration #AfricaRising

Gov. Cardoso said the revised FX Manual will take effect from June 1, 2026, and will be made available to authorised dealers at no cost to support seamless adoption and compliance. #FXManual #CBN 2/8