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 […]
CPC, NESREA others set up joint task force on piracy
The Consumer Protection Council (CPC), Standards Organisation of Nigeria (SON), and National Environmental Standards and Regulations Enforcement Agency (NESREA) in collaboration with the Alaba International Market Amalgamated Traders Association (AIMATA) have set up a joint task force to curb the rising profile of counterfeiting and piracy in the market.
Re-branding : NIMN calls for reconstructive approach
National Institute of Marketing of Nigeria (NIMN) has advised the federal government to take the re- branding Nigeria project to a more fundamental and reconstructive level that will yield long term outcome of Nigerians that mean much more to Nigeria.
GTB introduces MasterCard product
GTBank commenced the issuance and acquiring of MasterCard’s EMV compliant payment cards on the Interswitch transaction switching platform.
WDAS, others rattle interbank with N165 withdrawal
Scarcity of funds intensified in the interbank money market last week following outflow of N165 billion through withdrawal by Nigeria National Petroleum Corporation (NNPC), Cash Reserve debit and funding of foreign exchange bids at the Wholesale Dutch Auction System (WDAS).
Centage launches SuperStar promo for Talent Hunt
As an extension of its Corporate Social Responsibility (CSR) policy, Centage Savings and Loans Limited has launched a new promo to give opportunity to young musical artists to discover their talents.
