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 […]
Shareholder group drags CBN to court
A foremost shareholder group in the country, Proactive Shareholders Association of Nigeria (PSAN) on Friday filed a suit in Federal High Court, Abuja with the Central Bank of Nigeria (CBN) and the CBN Governor, Lamido Sanusi, as the first and second defendants.
MTN Big score promo: Businessman wins N10m prize
An Aba-based usinessman has emerged the lucky winner of the grand prize of N10 million in the MTN FIFA Big Score promo.Apart from the huge financial reward, the winner, Ugochukwu Uzor with his wife will also be going to South Africa to watch one of the World Cup matches. Uzor’s MTN number was picked in the final draw of the promo which was held on Wednesday, 13 January at the Ultima Studios, Ogba, Lagos.
The Soklin promo Ad that failed to push a campaign
No doubt, Soklin washing detergent has overtime occupied the leadership position in the sachet detergent market, but with the on-going campaign tagged scratch and win promo, the advert pushing the promo, rather than impact on consumers has been repulsive.
Oil steady near $74 as U.S. growth forecast to quicken
Oil was steady near $74 On Friday, headed for a third consecutive weekly drop, as the recovery of the U.S. economy has yet to boost fuel demand.
Firm seeks FG’s approval to build refinery
The Nigerian Independent Petroleum Company (NIPCO) has sought the approval of the Federal Government to build a private refinery. Mr Tunji Adeniji, a director of the company, said in Lagos on Thursday that NIPCO would put an end to the lingering fuel scarcity in the country, if the government issued a licence to it to build the refinery.
