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 […]
Deadline Tomorrow: N4.6trn banks’ recapitalisation sparks sectoral battle for funds
“The priority must shift from capital adequacy to economic impact. Nigeria needs banks that work for the economy”
Exports proceeds repatriation: Manufacturers fault CBN’s exclusion of non-oil exporters
By Yinka Kolawole Manufacturers under the aegis of the Manufacturers Association of Nigeria Export Group (MANEG) have raised concerns over what they described as a policy imbalance by the Central Bank of Nigeria (CBN), following its recent decision to allow International Oil Companies (IOCs) unfettered access to repatriate 100 per cent of their export proceeds. The […]
Foreign investment in manufacturing plunges 51.44% in two years
…Drops to $772.45m in 2025 •Sector’s investment share falls to 3.33% from 49.73% in 2023 By Yinka Kolawole Foreign investment in flows into Nigeria’s manufacturing sector have suffered a sharp decline over the past two years, underscoring weakening investor confidence in the country’s real sector despite a surge in overall capital importation. Data obtained from the […]
Sterling Bank charts way forward for Nigeria’s transport, logistics sector
By Peter Egwuatu Sterling Bank, industry leaders, policymakers, financiers, innovators convened, have charted away forward towards improving Nigeria’s transport and logistics sector. The stakeholder at the inaugural Nigeria Transport & Logistics Summit (NTLS) 2026, hosted by Sterling Bank at Eko Hotel & Suites, proposed actionable strategies for building a faster, more connected Nigeria through transport, mobility, […]
FG moves to clean up markets with new anti-counterfeit tracking system
By Progress Godfrey The Federal Government has formalised a major agreement to deploy the Products Authentication and Tracking System (PATS), in a decisive move to tackle counterfeit and substandard goods and restore confidence in Nigeria’s markets. According to a statement by the ministry on Thursday, the agreement was signed in Abuja under a Public-Private Partnership arrangement, […]
