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INFLATION: Wabi Nigeria woos retailers to boost market

INFLATION: Wabi Nigeria woos retailers to boost market

By Peter Egwuatu Following the rising rate of inflation and the attendant economic situation in the country, Wabi Nigeria, e-commerce operator, has announced massive discounts for retailers in the maiden edition of its shopping festival campaign to mitigate hardship and grow their businesses (markets). The Company stated that retailers in Nigeria will get huge discounts on […]

Scarcity of funds triggers 253% rise in banks’  borrowing from CBN

Scarcity of funds triggers 253% rise in banks’  borrowing from CBN

By Babajide Komolafe, Economy Editor The scarcity of funds in the interbank money market intensified last week prompting a 253 per cent spike in banks’ borrowing from the Central Bank of Nigeria, CBN.  Financial Vanguard analysis of data from the CBN showed that the volume of idle cash (liquidity)  in the interbank money  fell  by 87 […]