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 […]
DMO lists N47.36b Series III green bond on NGX, FMDQ
By Elizabeth Adegbesan The Debt Management Office, DMO, yesterday announced its listing of the 18.95 percent N47.36 billion Series III Sovereign Green Bond due June 2030 on the Nigerian Exchange Limited, NGX and FMDQ Securities Exchange Limited. DMO disclosed this in a statement noting that the Green Bond is an attestation to its commitment to providing […]
Geopolitical risk reshapes boardroom agenda — EY report
•As CEOs prioritise growth, AI deals By Peter Egwuatu Geopolitical risks have moved to the centre of Chief Executive Officers’ (CEOs) priorities, with 56 per cent identifying it as the biggest business risk over the next 12 months, according to the latest EY-Parthenon CEO Outlook Survey. The survey, released yesterday, covered 1,200 CEOs across 21 countries […]
Lagos set to host ‘Invest in Lagos 3.0’, targets N4trn investment inflows
The Lagos State Government is set to host the third edition of its flagship investment forum, ‘Invest in Lagos 3.0’, with the target to attract both local and foreign direct investment worth N4trillion. The summit scheduled to hold from Monday, June 08 to Tuesday, June 09, 2026, at Eko Hotels and Suites, Victoria Island, Lagos, is […]
Data, AI, tech to drive investment decisions in Nigeria — SEC
By Obas Esiedesa, Abuja The Director-General of the Securities and Exchange Commission, Emomotimi Agama, has said Nigeria’s capital market is positioning data, artificial intelligence and technology-driven regulation at the centre of investment decision-making to attract both domestic and foreign capital. A statement by the Commission yesterday quoted Agama who spoke at the FSDH Investor Conference 2026 […]
Nigeria’s oil output rises marginally, short of OPEC quota
By Udeme Akpan The Organization of the Petroleum Exporting Countries, OPEC, has said that Nigeria’s oil output increased marginally to 1.489 million bpd in April 2026 from 1.383 million bpd in March 2026, based on data obtained through direct communication. This indicates that the country is still struggling with output deficiencies as the quantity fails short […]
