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 […]
Hope rises for MSMEs as FG rolls out growth plan
Hope rises for MSMEs as FG rolls out growth plan
SMEs repay Fidelity Bank N1.8bn out of N2.5bn — MD
SMEs repay Fidelity Bank N1.8bn out of N2.5bn — MD
Kreston team visits Nigeria, reviews operations
The quality assurance team of Kreston, (a global network of independent account firms) earlier in the week visited its Nigerian operation, KrestonOUC, with a view to ensuring accounting standards are adhered to in providing quality service.
Naira now N360.02/$ at NAFEX
THE Naira, Wednesday, appreciated by 35 kobo to N360.02 per dollar in the Investor and Exporter (I&E) window prompted by 10 percent increase in the amount of dollars traded in the window.
ECOWAS to spend $29bn on development projects in W/ Africa
ECOWAS on Wednesday said that it has concluded plans for sub-regional development projects worth 29.66 billion dollars for the period of 2018 to 2022.
