Business

Banks awash with excess cash amidst poverty

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 […]
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Why we need investment in livestock sector — Mafindi

Why we need investment in livestock sector — Mafindi

It began after after watching a very nasty program on Al Jazeerah on how bad we are doing in the world in processing meat. In the documentary, they were airing the state of abattoir in some states in Nigeria, including Port Harcourt, Kano, Abuja and Enugu. They were making mockery of the hygiene of the meat we consume. They said we have the best of cattle and every resource, but the general hygiene of our meat was appalling.

Rice duty: Operators laud NASS’ intervention

Rice duty: Operators laud NASS’ intervention

Rice dealers in the country have expressed satisfaction over the National Assembly intervention on the lingering rice duty, stating that the development will no doubt augur well for the nation’s quest towards self-sufficiency in food.

Transcorp: Delivering shareholders’ value

Transcorp: Delivering shareholders’ value

For the first time since its listing on the Nigerian Stock Exchange, NSE, in 2007, Transnational Corporation of Nigeria, Transcorp Plc, has indicated readiness to reward its loyal shareholders with gross dividends of N1.93 billion, which translates to five kobo per share for the year ended December 31, 2013.