Business

Banks’ borrowing drops 89% to N126bn 

Banks’ borrowing from the Central Bank of Nigeria’s (CBN) Standing Lending Facility, SLF, declined by 89 percent to N126 billion in August 2026 from N1.19 trillion in July 2026, reflecting higher liquidity in the banking system. The CBN has two short term lending windows for banks: the      Standing Lending Facility (SLF) and Repo […]
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Electricity consumers lament ‘crazy’ bill in Kano

Electricity consumers in Kano State have said that less than 3,000 consumers have received pre-paid meters since the distribution company, the Kano Electricity Distribution Company, KEDCO, took over in November, 2013.

‘Over $100 million flow into China from Nigerians’

Nigerian businessmen in China have expressed the need to have both visiting and resident Nigerians in China process travelling documents to China without much hassles, stressing that Nigerian businessmen alone, flow about $100 million into the city of Guangzhou, China, on a daily basis.

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