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 […]
NCC, CBN launch portal to track fraudulent phone lines
Sign MoU on consumer protection, fraud control By Juliet Umeh In a decisive move to curb rising electronic fraud and strengthen consumer protection, the Nigerian Communications Commission, NCC, and the Central Bank of Nigeria, CBN, have launched a portal that enables financial institutions to track fraudulent and suspicious phone lines across the country. The initiative, […]
Tinubu approves $75m investment in Flutterwave ahead of IPO
President Bola Tinubu has approved a $75 million investment into Flutterwave as plans are nearing completion for the company’s initial public offering (IPO).
NB outlines strategies for sustained growth, pricing shocks protection
By Yinka Kolawole Nigerian Breweries (NB) Plc has highlighted strategies aimed at sustaining the company’s growth and protecting customers from pricing shocks occasioned by rising inflation. Finance Director, NB Plc, Maria Karaseva, outlined the strategies at the company’s 80th pre-annual general meeting media briefing held in Lagos. According to her, three major external risks have been […]
Manufacturers fault World Bank’s proposal to reinstate petrol import licences
By Yinka Kolawole Manufacturers under the aegis of the Manufacturers Association of Nigeria have faulted the call by the World Bank for Nigeria to reinstate petrol import licences in order to stabilise fuel supply in the wake of the Middle East crisis. Reacting to the World Bank’s advice which it later clarified urging a reassessment in […]
VANGUARD ECONOMIC DISCOURSE: Farmers, food entrepreneurs brainstorm for sector growth
By Emeka Anaeto, Business Editor Nigeria’s agriculture and food sector is set for a major insight sharing on the performance of the sector and way forward at the upcoming Vanguard Economic Discourse. The 2026 edition of the Vanguard Economic Discourse is scheduled to hold this week, Wednesday, April 22, 2026 at the Civic Centre, Victoria Island, Lagos […]
