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 […]
UK sees record-high electricity from renewables in 2025 – Report
Britain produced a record-high amount of electricity from renewable energy last year, a study revealed on Friday.
Tesla sales fall as China’s BYD overtakes it
The American company led by Elon Musk logged 418,227 deliveries in the final three months of the year, taking its full-year sales figure to around 1.64 million EVs.
NCDMB launches 2025/26 innovation challenge for oil, energy solutions
By Udeme Akpan, Energy Editor The Nigerian Content Development and Monitoring Board, NCDMB, has launched the Nigerian Content Research, Innovation and Technology Challenge 2025/2026, calling on innovators, research institutions, academia, oil and gas service providers and the general public to submit technology-driven proposals aimed at solving key industry challenges. The initiative, which commenced in December 2025, […]
Economic activities peak as CBN’s PMI rises to 57.6 index points
By Elizabeth Adegbesan Economic activity in Nigeria peaked in December 2025 as the Purchasing Managers’ Index (PMI) rose to 57.6 points, the highest monthly expansion recorded in the year, according to the Central Bank of Nigeria (CBN). The increase from 56.4 points in November reflects a stronger and broad-based improvement in business conditions across key sectors […]
NDIC reaffirms fiscal compliance, seeks exemption to boost reserves
By Babajide Komolafe The Nigeria Deposit Insurance Corporation, NDIC, has reaffirmed its strict compliance with fiscal and financial regulations, including the Fiscal Responsibility Act, FRA, 2007, stressing that it has consistently remitted the required portion of its earnings to the Federal Government. The Managing Director/Chief Executive of NDIC, Mr. Thompson Oludare Sunday, stated this during […]
