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 […]
StarTimes adds 5 new additional channels to its bouquet
StarTimes have upgraded its classic bouquet with the addition of 5 new and exciting channels at no extra cost for subscribers. The new channels now available on classic include Fox, ST Movie Plus, St Kung Fu, ST Novella Plus and Star Plus, all entertainment and movie focused channels.
Edo Govt., FG to collaborate on SMEs, industrial clusters
Edo State Governor, Mr. Godwin Obaseki has said the state is determined to gainfully engage youths in Small and Medium Scale Enterprises (SMEs) to spur industrial growth in the wake of increased investments into the state.
Gelegele Seaport development to begin as Obaseki signs MoU with China Harbour
The Governor of Edo State, Mr Godwin Obaseki, has signed a Memorandum of Understanding (MoU) with China Harbour Engineering Company Limited (CHEC), for the development of the Gelegele Seaport and other transport infrastructure in the state.
Nigeria’s external reserves hit $40.4bn
As projected by the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele at the Annual Bankers’ Dinner of the Chartered Institute of Bankers (CIBN) in Lagos last November, the nation’s External Reserves have hit a new level of $40.4 Billion. This is even as the Bank injected a total of $210 million into the interbank Foreign Exchange Market in the first round of trading for the year on Monday, January 8, 2018.
Union bank: CBN, SEC complete rights issues
The Central Bank of Nigeria (CBN) and Securities and Exchange Commission (SEC) have concluded share allotment and capital clearance review of the N50 billion rights issue of Union Bank of Nigeria.
