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 […]
Trading resumes on shares of troubled banks
The Nigerian Stock Exchange (NSE), Tuesday, lifted the full suspension placed on the five banks whose Managing Directors and Executive Directors were sacked by the Central Bank of Nigeria (CBN) couple of weeks ago.
NBA to lead first legal trade mission to UK
The Nigerian Bar Association (NBA) is concluding arrangement to lead a trade delegation of lawyers from Nigeria to the UK this month to explore opportunities with UK lawyers and businesses.
Vision 20-20-20 will fail without national fleet … experts
Experts in the maritime industry have stressed the need for the federal government to maintain a viable National fleet if the country most achieve its much orchestrated Vision 20-20-20.
Indigenous shipowners’ application for CVFF loan hitsN60 billion
LOAN applications by indigenous shipowners to the Cabotage Vessel Financing Fund (CVFF) of the Nigerian Maritime Administration and Safety Agency (NIMASA) is currently standing at N6billion, as against N6.675billion at the disposal of the agency for disbursement.
Banks crisis: Labour vows to move against any mgt that sacks workers
UMBRELLA body for senior staff associations in the country, the Trade Union Congress of Nigeria (TUC), has vowed not only to resist any attempt to make workers a scape goat in the current crisis facing the nation’s banking sector, but will also move against any management that tries such.
