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 […]
CBN’ll retain MPR at 14% to sustain dollar inflow — Ebo
IN spite of the optimism expressed by the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele about the possibility of reduction in the Monetary Policy Rate (MPR) before July, Chief Executive of Afrinvest Securities Limited, Ayodeji Ebo says a rate cut will be unlikely as this would undermine foreign exchange inflow and stability in the foreign exchange market.
FG plans $2.5bn Eurobonds sale in Q1 2018-DMO
THE Federal Government has commenced moves to raise $2.5 billion through issuance of Eurobonds in the first quarter of 2018 to refinance domestic debt.
Naira down to N360.54/$ in I&E
The naira Thursday depreciated to N360.54 per dollar in the Investors and Exporters (I&E) window.
It’s important for us as govt to ensure that people can walk around free, do their business – Osinbajo
Vice President Yemi Osinbajo has asked Nigerians in the diaspora and other investors to make Nigeria their destination for investment.
Nigeria to pump additional 200,000 BD of crude with Total’s new ship
A gigantic oil tanker arrived in Nigeria as part of a multi-billion dollar project that should allow one of Africa’s biggest crude producers to pump out an additional 200,000 barrels a day.
