Business

Banks awash with excess cash amidst poverty

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 […]
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Notore , signs 250,000 metric tonnes rice mill with Taraba

Notore , signs 250,000 metric tonnes rice mill with Taraba

IN an apparent bid to reduce the volume of rice imports into the country, Notore Chemical Industries Limited, and Taraba State Government have signed a memorandum of understanding, MoU, to build a multi-billion naira rice mill in the state.

Oando diversifies to industrial sector

Oando diversifies to industrial sector

Oando PLC has announced expansion of its investments from oil and gas into industrial sector. The company cited its Kaduna Lubes Plant for the manufacturing of Oleum range of lubricants, and its Greenfield products reception terminal at the Lekki Free Trade Zone, Lagos as examples of its expansion drive.

Customers troubled over distressed GreenHouse Investment Solutions

Customers troubled over distressed GreenHouse Investment Solutions

Customers of Green House Investment Solutions have expressed concern over the uncertain state of the microfinance institution as it battles to recover from failed investments that led to its temporary closure, which could sound the death knell for the microfinance sector that is gradually gaining public trust and patronage by depositors.

ICAN warns Accounting Technicians against fraudulent acts

ICAN warns Accounting Technicians against fraudulent acts

The 45th president of the Institute of Chartered Accountants of Nigeria, ICAN, Mrs. Elizabeth Adegite, has warned Accounting Technicians against fraudulent practices that can bring the reputation of the profession to disrepute.

Ogun N50bn bond smacks of economic sabotage,  says Ogunlobi

Ogun N50bn bond smacks of economic sabotage, says Ogunlobi

Chairman, Ogun East of Peoples Democratic Party (PDP), Elders Council, Chief Kolapo Ogunjobi has called for serious caution from the members of the Ogun State House of Assembly on the resolution 167 in order not to put a clog in the wheel of progress in the state.