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 […]
Nigeria’s net domestic credit drops by 12.8% to N98.97 trn
By Peter Egwuatu Nigeria’s Net Domestic Credit, NDC, has dropped by 12.8% Year on Year, YoY in August 2025 to N98.97 trillion, according to the Central Bank of Nigeria, CBN latest money and credit report. The NDC is the total value of Bank credit to both the private and public sectors and its decline, according to analysts […]
Guinness Nigeria excites Akwa Ibom consumers with Guinness Smooth launch
By Tunde Oso Guinness Nigeria has unveiled the latest addition to its brand portfolio, Guinness Smooth, at a vibrant launch event held in Uyo, Akwa Ibom State. The occasion brought together consumers, vendors, entertainers, and notable personalities, including Guinness World Record holder in Radio Broadcasting, George Essien, popularly known as Mighty George. Guests enjoyed an unforgettable […]
CBN: Naira rallies as FX speculations decline, reserves hit $43bn
The naira stability is also driven by inflows from Foreign Portfolio Investors (FPIs), substantial contributions from International Oil Companies (IOCs), and the CBN’s interventions to authorised dealers
Transcorp Hotels reports 49% revenue growth for Q3 2025
The company delivered ₦72.31 billion in revenue, a 49% increase from ₦48.49 billion in Q3 2024.
Africa must be included in global digital, AI revolution — Elumelu
By Emeka Anaeto, Business Editor, Babajide Komolafe, Economy Editor & Emma Ujah, Abuja Bureau Chief, in Washington Chairman, United Bank for Africa, UBA PLC and Founder, Tony Elumelu Foundation, Mr. Tony Elumelu, in this interview, spoke on highlights of his presentation during the seminar on Boosting Productivity Growth in the Digital Age held at the ongoing annual […]
