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 […]
Stakeholders oppose 1% contribution to navy from NIMASA’s funds
Stakeholders in the Nigerian maritime industry have opposed moves by the Nigerian Navy seeking amendment to the Nigerian Maritime Administration and Safety, NIMASA, Act which would require NIMASA to contribute one percent of its revenue to the Nigerian Navy.
Interbank money market resists N90bn liquidity mop up
Efforts by the Central Bank of Nigeria (CBN) to mop-up liquidity from the interbank money market proved abortive as the N90 billion treasury bills (TBs) issued on Monday was undersubscribed by 47 percent.
Set the tone for the season
The satisfying feeling and the peace you get after getting rid of clutters in your house cannot be quantified. It is what every Homemaker should look forward to doing if not every time but at every opportunity that comes your way.
CBN injects $210m as naira depreciates to N360.37/$
The Central Bank of Nigeria (CBN) Tuesday sustained its intervention in the foreign exchange market by injecting $210 million in the interbank foreign exchange market.
Nigerian Stock Exchange market capitalisation improves by N89bn
Market capitalisation on the Nigerian Stock Exchange (NSE) on Tuesday increased by N89 billion amid gains recorded by some highly capitalised equities.
