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 […]
750,000 cars shipped through port of Baltimore in 2013
The port of Baltimore last year handled a total of 750,000 cars both import and export, the Trade Development officer of Maryland Port Administration, Larry Johnson, has said.
FG moves to halt industrial disharmony in power sector
THE Federal Government has set up aTechnical Working Group, TWG, to develop operational guidelines on industrial relations for the reformed power sector aimed at establishing a National Joint Industrial Council for the sector.
Investment: Oduzua urges foreign investors to seek credible local partners
Chief executive Oficer of United Bank for Africa, UBA Plc, Mr. Philip Oduzua, has urged businesses and investors from the developed economies, who are desirous of taking advantage of the bourgeoning business and investment opportunities in Africa to seek credible local partners to help them in the process.
Africa must work harder to reduce inequality — Annan
African governments should work harder to reduce inequality that has prevented the benefits of a decade of economic growth from being spread equitably, according to a report by former U.N. Secretary-General Kofi Annan released on Thursday
Oil funds to be accounted for in 16 weeks — FG
PricewaterhouseCoopers LLP and Nigeria’s government auditor will need 12 to 16 weeks to “clarify” what happened to billions of dollars of oil revenue alleged to be missing, Finance Minister Ngozi Okonjo-Iweala said.
