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Finance & Markets

Fed’s Preferred Inflation Gauge Comes in Cooler Than Expected

Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than "Bloomberg Surveillance." (Source: Bloomberg)

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Manufacturers or money managers? Consumer goods firms hold N587 billion cash in 2026

Nigeria’s consumer goods companies make products that fill kitchen shelves, dining tables and refrigerators. But for some, keeping money in the bank has also become an important source of earnings.

  • Nigerian consumer goods firms held N587 billion in cash at year-end 2026.
  • Interest income rose 36.5% to N31.08 billion in 2026's first half.
  • Top five companies represent 84% of total cash, but rate cut may reduce returns.

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