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 […]
J.P. Morgan returns Nigeria to bond index after 11 years
•$17.47bn FGN debt eligible •Nigeria gets 7.4% weighting By Emma Ujah, Abuja Bureau Chief Nigeria is set to attract fresh foreign capital into its domestic debt market following the decision by global investment banking giant, J.P. Morgan, to return Federal Government of Nigeria, FGN, bonds to its Bond Index in its newly introduced Government Bond […]
Lagos ports handle 84.6% of Nigeria’s N41.4trn trade
By Efe Onodjae Lagos ports handled an estimated N35.07 trillion, or about 84.6 per cent, of Nigeria’s N41.44 trillion total merchandise trade in the second quarter of 2026, Q2’26, underscoring the overwhelming dominance of the nation’s commercial capital as the country’s principal trade gateway. The latest Foreign Trade in Goods Statistics released by the National […]
CSJ charges FG to release 2026 capital budget funds
…accuses NASS of oversight failure By Emma Ujah The Centre for Social Justice (CSJ) has urged the Federal Government (FG) to immediately commence the implementation of the 2026 Capital Budget, warning that continued delays violate the provisions of the Constitution, the Fiscal Responsibility Act and the Appropriation Act. The demand was contained in an open […]
FG signs N729bn Series-2 bond agreement with GenCos
By Folarin Kehinde, Abuja The Federal Government (FG) has signed the N728.979 billion Series-2 bond under its N4 trillion Power Sector Debt Reduction Programme, in a fresh move to settle verified legacy debts owed to electricity generation companies and restore liquidity to Nigeria’s power sector. The transaction comprises N402 billion in cash bonds raised from […]
Post-recapitalisation: Mutual Benefits strengthens role as trusted protection partner
By Rosemary Iwunze Following the successful completion of its recapitalisation, Mutual Benefits is positioning for sustainable growth while strengthening its role as a trusted protection partner to Nigerians. The company, in a statement, noted that for more than 30 years, it has built its reputation on a simple promise: being there for Nigerians when protection […]
