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 […]
Stock market experts optimistic on H2’26 but warn investors
…Strong performance does not eliminate investment risk – CIS boss …Strong market performance should not lead to policy complacency – Uwaleke …Investors have made more money from the market than any other – Kurfi …Market will continue to rally upwards but… – Amolegbe …Uncertainties over 2027 election remain a possible headwind – Adonri By Peter […]
How Nigeria can overcome hunger — BUA
As BUA Foods posts N518.4 PAT By Emma Ujah, Abuja Bureau Chief The Chairman of BUA Foods Plc, Alh. Abdul Samad Rabiu, has identified heavy investments in agriculture by both the government and private sector operators as a key factor necessary to tackle hunger in the country. He spoke at the 5th Annual General Meeting of […]
Oil price reverses gains, falls 0.8% despite escalating US-Iran hostilities
By Obas Esiedesa, Abuja Global oil prices eased by 0.82 per cent to $84.24 per barrel on Wednesday as investors took profits after the previous day’s sharp rally, although renewed military confrontation and escalating rhetoric between the United States and Iran continued to underpin fears of disruptions to global crude supplies. Brent crude, the international benchmark, […]
Food inflation still rising despite drop in headline rate
By Elizabeth Adegbesan The National Bureau of Statistics, NBS, yesterday said headline inflation rate slowed Month-on-Month (MoM) by 0.02 percentage point to 15.91 percent in June 2026 from 15.93 percent in May. The decline is coming after a three consecutive months rise in headline inflation rate since March 2026. However, despite the moderation in inflation rate, […]
NIP 2025: FG positions small businesses as engine of industrialisation
By Yinka Kolawole The Federal Government has positioned Micro, Small and Medium Enterprises (MSMEs) as the biggest beneficiaries of the Nigeria Industrial Policy (NIP) 2025, with a package of low-cost financing, preferential government procurement, industrial clusters and digital transformation initiatives aimed at accelerating industrial growth and reducing the country’s dependence on imports. The policy, unveiled […]
