Banks awash with excess cash amidst poverty
•As banking system liquidity surges 17% to N5.5trn By Elizabeth Adegbesan Amidst prevalent poverty in the country, Nigeria’s financial sector experienced a major injection of cash as the average net liquidity in the banking system surged to N5.53 trillion in May 2026. This represents a 17.16 per cent increase from the N4.72 trillion recorded previous […]
FG targets 3.5m jobs in 3 years
Vice-President Yemi Osinbajo said that the federal government had set a target of providing 3.5million jobs for Nigerian youths within the next three years.
DPR blames IOCs’ for pipeline crisis in Nigeria
THE Department of Petroleum Resources, DPR, has blamed the International Oil Companies, IOCs in Nigeria, for failing to adequately maintain the various pipelines they operate in transporting crude oil and natural gas products across the country.
Privatisation: We’re not afraid of probe
The management of Indorama Eleme Fertiliser & Chemicals Ltd., IEPL, has said it is not afraid of threats by the Federal Government to look into the sale of the petrochemical company, which it acquired in 2006 under the privatisation exercise.
GTB: Moderate growth in the season of profit warnings
IN the wake of the first profit warning issued this year coming from First City Monument Bank Plc in January, Vanguard Investor’s Forum had indicated that many more quoted companies would issue profit warnings due to the macroeconomic headwind of the financial year 2015. And within six weeks about six more came in with three leading banks involved.
DISCOs ask for more time to improve
Distribution companies in the country, DISCOs, have asked for more time and patience from Nigerians to improve their electricity supply.
