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 […]
Vetiva reiterates buy rating for UACN
Vetiva Capital Management has reiterated buy rating for UAC of Nigeria (UACN) Plc shares at a year end target price of N42.42.
UBA targets energy and infrastructure financing in East Africa
United Bank for Africa Plc is to consolidate its business in East Africa, by positioning strongly in the emerging energy industry and providing the much needed financial bridge for infrastructure financing in the region.
Insecurity, unstable power supply killing hotel business – Labour
ORGANISED Labour in the hospitality industry under the umbrella of Hotel and Personal Services Senior Staff Association, HAPSSSA, has decried the state of insecurity and unstable power supply in the country, saying insecurity and unstable power supply are undermining the growth of hotel business in the country.
South African Brewery berths in Anambra
The South African Brewery (SAB) has made its entry into the Nigerian beer and beverage industry with its production plant in Anambra State. Anambra State Governor, Peter Obi, while fielding questions from newsmen, said that the SAB production plant which will be commissioned this month in the State is the biggest in sub-Saharan Africa.
FG directs MAN to compile locally made goods for import ban
THE Federal Government has directed Manufactures Association of Nigeria (MAN) including chambers of commerce bodies in the country to compile the lists of locally made goods, in which the country has comparative advantages ahead of import ban.
