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 […]
Standard Bank, Troika Group get regulatory approval for partnership
Standard Bank Group, the parent company of Stanbic IBTC Plc and Troika Dialog Group, the leading Russian investment bank, have announced the formalisation of their strategic partnership, following regulatory approvals, inter alia, in Russia, South Africa and the United Kingdom.
NTDC set to promote disabled friendly tourist facilities
Nigeria _ like other parts of the world _ lacks many appropriate accessibility provisions for the general population. This is a problem which affects many people both in their daily lives and also as tourists.
Import tariff, export taxes on the cards for SA
HIGHER food import tariffs aimed at protecting local producers — and new export taxes on primary produce aimed at boosting local manufacture — are on the cards, judging by a confidential Department of Trade and Industry (DTI) document.
Reform will enhance global competitiveness of banks — Sanusi
Governor, Central Bank of Nigeria (CBN), Malam Lamido Sanusi, has said that the on-going reform in the banking industry will enhance the global competitiveness of Nigerian banks.
Broker blames CBN for high number of dormant account
Following its negative impact on the nation’s financial system, an expert in the Nigerian capital market, Mr. Amaeze Olisaemeka, has blamed the Central Bank of Nigeria (CBN)for the high number of dormant accounts and the numerous irregularities associated with it.
