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 […]
Transport minister says NPA has no development plan
Minister for Transport, Alhaji Ibrahim Bio has given the management of the Nigerian port authority an ultimatum to come up with a blue print for the development of the nation’s ports or face severe sanctions. The ultimatum was handed down to the NPA management for failing to develop a blueprint for the development of the country’s ports.
Why Nigerian banks cann’t make in roads into South Africa, Sanusi
Central Bank Governor, Malam Sanusi Lamido Sanusi, has explained why the Nigerian banks could not make in roads into the South African economy.
SAN moves 30 vessels to Nigeria ship registry
The Nigeria Maritime Administration and Safety Agency (NIMASA) has engaged the services of consultants to upgrade its flag register to international standard, even as the Shipping Association of Nigeria (SAN) is to move its 30 vessels hitherto under foreign flag to the nation’s register.
Flemming threatens ANLCA’s election over Shittu’s entrance
By Godwin Oritse THE crisis-ridden Association of Nigerian Licensed Customs Agents may be heading for trouble as one of the presidential candidates, Dr Flemming Momodu has threatened to oppose Prince Olayiwola Shittu’s entrance into the race. Speaking to newsmen in Lagos recently, Momodu said that Shittu cannot be a contestant in an election where he […]
Why Nigerian banks cann’t make in roads into South Africa, Sanusi
Central Bank Governor, Malam Sanusi Lamido Sanusi, has explained why the Nigerian banks could not make in roads into the South African economy.
