Manufacturers groan despite improved bank liquidity

By FELIX OLOYEDE Nigerian manufacturers are still credit-starved despite the improved liquidity of the banking sector. Although credit to the private sector has been rising, manufacturers have claimed that access to funds still pose a serious problem. Dr Frank Jacobs, President Manufacturers Association of Nigeria (MAN) Broad money in circulation increased More...

by Uchenna Ajah | Published 3 hours ago
By Uchenna Ajah On Monday, April 23rd, 2018
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MAN, LCCI disagree over CFTA

By UCHE CHRIS President Buhari seems to be coming under increasing pressure from both home and abroad over his refusal to sign the Continental Free Trade Area treaty last month at the meeting African Union Heads More...

By Uchenna Ajah On Sunday, March 25th, 2018
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High NPLs hobble banks’ 2017 performance

By FELIX OLOYEDE The non-performing loans (NPLs) of commercial lenders in the country maintained an upward trajectory in 2017, despite Nigeria’s exit from recession at the end of the first half of the year. A More...

By Uchenna Ajah On Tuesday, March 20th, 2018
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Osinbajo: FG speeds up rail, to develop Warri, Onitsha ports

Vice President Yemi Osinbajo said the Federal Government is taking multi-pronged measures, such as speeding work on the Lagos-Ibadan rail and developing Onitsha and Warri ports to ease the congestion at the nation’s More...

By Olaolu Ayoola On Friday, February 9th, 2018
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Akande, Ogbeh, Wike, Baru, others win 2017 Zik Prize Award

Former Governor Osun State and first Interim National Chairman of All Progressive Congress (APC), Chief Bisi Akande and Minister of Agriculture and rural development, Chief Audu Ogbeh were among nine prominent Nigerians More...

By Felix OLOYEDE On Thursday, February 8th, 2018
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Nigerian banks to increase credit to private sector in 2018, says FBNQuest

FELIX OLOYEDE Commercial banks in Nigeria would increase lending to the private sector this year, on the back of fallen yields in the securities market, which has dipped by +/-300bps in the past six months, FBNQuest More...

By Felix OLOYEDE On Wednesday, February 7th, 2018
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 Banks struggle with liquidity squeeze as overnight rate hits 10 month high

FELIX OLOYEDE Godwin Emefile, CBN Governor Central Bank of Nigerian’s (CBN) decision to debit banks for foreign exchange bids has caused liquidity challenge in the country’s financial sector as overnight More...

By Uchenna Ajah On Sunday, February 4th, 2018
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Dankwambo: A dark horse for 2019

From out of nowhere, Enugu based fierce Catholic Priest in his New Year message, turned against President Muhammadu Buhari whom he had vehemently supported in 2015, and endorsed Gombe State governor, Ibrahim Hassan More...

By Uchenna Ajah On Sunday, February 4th, 2018
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2018 Forecast: Investors warm up for bumper harvest

Against the backdrop of a fragile economic recovery (third quarter 2017 growth advanced at a lazy 1.4 per cent), Nigeria’s stock market has become the toast of the global investment community as local and foreign More...