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 […]
Road accidents: Shell partners FRSC on safety
As part of efforts to reduce the loss of lives on Nigerian roads, the Shell Petroleum Development Company, SPDC, has promised to support the Federal Road Safety Corp, FRSC, in fighting the unending menace of road accidents.
Stock market rebound: NAAEP canvasses interest rate reduction
Efforts geared towards repositioning the Nigerian Stock Exchange (NSE) for profitability and achieving the vision of making the nation hub of African exchanges will not materialize without effective reduction of interest rate, says Chief Temitope Labinjo Ajayi, Chairman, Nigeria American Agricultural Empowerment Programme Limited (NAAEP).
Power privatisation: BPE releases transaction agreements
The Bureau of Public Enterprises, BPE has released the revised industry and transaction agreements to the 152 potential investors interested in the privatisation of the 17 successor companies created from the unbundling of the Power Holding Company of Nigeria, PHCN.
Lawmaker calls for private investment in refineries
DUE to the deplorable state of Nigerian refineries, the Chairman House of Representatives Committee on Downstream Petroleum, Hon. Dakuku Peterside, has called on private investors to take advantage of the opportunities in Nigeria’s refining sector.
Folawiyo, MRS top list on petrol storage – Investigation
Folawiyo Energy Ltd and MRS Oil and Gas Limited are among the top premium motor spirit, PMS or petrol storage tanks operators in the country.
