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 […]
Budget transparency: Nigeria ranks 90th in world, 23rd in Africa
Nigeria has been ranked 90th in the world and 23rd in Africa on budget transparency out of 115 countries globally and 38 African countries in the 2017 Open Budget Index (OBI) survey which was released yesterday.
Nova Merchant Bank moves to facilitate FDI into Nigeria
Nova Merchant Bank said it has designed investment banking products that will help Nigerian businesses attract foreign direct investment (FDI).
Chairman, Nova Merchant Bank, Mr. Phillips Oduoza disclosed this during an interview with journalists in Lagos.
FG unveils 3rd plan to boost ease of doing business
In furtherance of its reform agenda to boost business environment in the country, the Federal Government will commence the third 60-day National Action Plan (NAP 3.0) from 5th February to 5th April 2018, to drive its ease of doing business initiative.
Naira appreciates to N360.00/$ in I&E
The naira Wednesday appreciated to N360.00 per dollar in the Investors and Exporters (I&E) window of the foreign exchange market.
NB to empower artisans in Oyo through ‘Isedowo’
Nigerian Breweries Plc, NB, makers of Goldberg lager beer, said it is taking its ‘Isedowo’ campaign to Oyo State to empower successful artisans with grants of N300,000 each to grow their business.
