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 […]
LCFE to list Kian Smith’s N21 bn gold bars
By Peter Egwuatu The Lagos Commodities and Futures Exchange (LCFE) has finalized plans to list over N21 billion worth of Kian Smith FZE gold in a landmark transaction aimed at deepening Nigeria’s commodities market and expanding investable asset classes within the capital market. The forthcoming listing will feature internationally certified 1kg London Bullion Market Association […]
Capital market resilient as ISA 2025, FX reforms drive NGX rally
The Chairman of ASHON, Sehinde Adenagbe, has said that Nigeria’s capital market remains resilient despite economic headwinds
Nigeria’s oil, gas post gains, miss targets in 2025
By Udeme Akpan, Energy Editor Nigeria’s oil and gas industry recorded mixed performance marked with improvement in some indices marred by below expectation oil production, worsening gas flaring and dispute over the domestic fuel supply. Improved Upstream activity The rig count, an index of measuring activities in the upstream sector, recorded a rise of 63% year-on-year in 2025. […]
Zenith Bank injects N140m into tech ecosystem with Zecathon 5.0
Zenith Bank concluded the 2025 edition of its flagship innovation competition, Zecathon 5.0, at the Zenith Tech Fair. The event, which received thousands of applications and deployed a significant total of N140 million in prizes, was attended by dignitaries, including the founder and chairman of Zenith Bank Plc, Jim Ovia CFR, as well as Lagos State […]
Nigerian Tax Acts 2025 to benefit economy, citizens — NTPIC
Chairman of the National Tax Policy Implementation Committee (NTPIC), Mr. Joseph Tegbe, has said the Nigerian Tax Reform Acts 2025 will significantly strengthen the economy while protecting citizens, describing the legislation as a major shift toward a more sustainable fiscal framework. In an article, Tegbe explained that the Acts represent a comprehensive overhaul of Nigeria’s fiscal […]
