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Banks awash with excess cash amidst poverty

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 […]
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Ekiti: Oni files cross appeal

Ekiti: Oni files cross appeal

The legal battle between Ekiti State Governor, Engr Segun Oni and his arch political rival, Dr Kayode Fayemi of the Action Congress (AC) over the May, 2009 governorship re-run election has snowballed into a new dimension, as the governor yesterday personally appeared in the court to sign his statement on oath, just as he filed a cross appeal challenging the scores recorded by Fayemi in Ado Local Government during the April 14, 2007 governorship election.

NIPR partners Lagos on megacity project

NIPR partners Lagos on megacity project

Nigerian Institute of Public Relations, Lagos State chapter has expressed its determination to support and collaborate with Lagos State Government in the realisation of its megacity project as well as the on-going development projects.

Alleged N11.8m fraud: EFCC arrests Adesanya, 4 others

Alleged N11.8m fraud: EFCC arrests Adesanya, 4 others

By Emmanuel Ovuakporie ABUJA — The Economic and Financial Crimes Commission (EFCC) has arrested the Managing Director of National Film Corporation (NFC), Mr Afolabi Adesanya and four directors over an alleged N11.8million fraud bordering on money collected for re-location from Jos to Abuja that was not used but instead it was shared by the directors.

Fuel tanker rams into FAAN  training school

Fuel tanker rams into FAAN training school

Providence prevented what would have been a major fire disaster at the Murtala Muhammed Airport, Ikeja, yesterday when a petrol tanker laden with fuel lost control and rammed into the perimeter wall of the Federal Airports Authority of Nigeria (FAAN) Training School.

70% Nigerian women poor— Minister

70% Nigerian women poor— Minister

By Liade Akinboade ABUJA—Minister of Women Affair and Social Development, Mrs. Salamatu Suleiman has revealed that 70% of people living below poverty  line in Nigeria are women.