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 […]
NNPC Trading boss Maryamu Idris named Nigeria’s OPEC national representative
The NNPC said Idris will be instrumental in ensuring that “Nigeria’s energy interests are effectively represented and harmonised with OPEC’s overall objectives.”
VFD Group delivers on its N20b CP with N4.24b series 4 redemption
VFD Group Plc, a Lagos based investment company, has announced the full redemption of its ₦4.24 billion Series 4 Commercial Paper (CP) issued December 2024.
CIS to spotlight innovation, global market leadership
Digital innovation and global competitiveness in Nigeria’s capital market will take centre stage as the Chartered Institute of Stockbrokers (CIS) hosts its flagship event, the 2025 annual stockbrokers’ conference in Abuja.
Expert charges insurance, pension operators to cover informal sector
By Rosemary Iwunze The Managing Director/ Chief Executive Officer, Arthur Stevens Asset Management, Mr. Olatunde Amolegbe, have challenged operators in the insurance and pension sectors to come up with strategies that will bring the full informal sector under insurance and pension coverage. Amolegbe who gave the challenge at the 10th Annual Conference of the Nigerian […]
New tax laws: Incentive schemes must spur industrialisation — LCCI
By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has voiced the desire of the organised private sector (OPS) in Nigeria on how the incentives schemes in the newly enacted tax laws could be used to spur industrialisation in the country. President of LCCI, Gabriel Idahosa, made the declaration yesterday in Lagos, in his […]
