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 […]
Vitafoam targets multinational status, assures of improved returns
VITAFOAM Nigeria Plc is on the move to become a multinational company having survived 50 years of corporate existence despite harsh operating business environment in the country, said Joel Ajiga, Managing Director.
Mainstreet Bank tasks employees on service delivery
As part of efforts towards repositioning Mainstreet Bank on the part of growth, the bank has tasked employees on service delivery as it launched a culture change campaign initiative with the theme, Unbeatable Standards (US).
Investors list key factor for African start-ups
Participants at the just concluded second DEMO Africa Investor round table held in Lagos, last week rose up from the conference saying that good ideas, excellent execution, a growing market and good investment were the key factors that will move African start-ups to the next level.
Stockbrokers, Oteh on war path over police deployment in SEC
Trouble is brewing between the Dealing member firms of the Nigerian Stock Exchange, NSE, and the Securities and Exchange Commission, SEC, over the deployment of police team to the commission by the Director-General, Ms Arunma Oteh.
21 oil companies risk collapse as CBN forecloses further credit
… Companies still owe over N513.34bn
NO fewer than 20 oil companies are under threats of liquidation as the Central Bank of Nigeria, CBN, forecloses further credit facilities to them.
