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 […]
VEEDA, EPOS partner to boost business operations
Two players in the Nigerian retail and hospitality industry, VEEDA Nigeria and EPOS Solutions have entered into partnership to deliver superior inventory management solutions to small and large scale sized companies in the country.
Gwarzo faults SEC’s administrative panel’s report
The embattled Director General of the Securities and Exchange Commission, SEC, Mr. Mounir Gwarzo has said that there was no fair hearing during the sitting by the Administrative Panel of Inquiry into allegations of violation of Public Service Rules against him.
AfDB to provide electricity to 29.3m Africans by 2020
The African Development Bank, AfDB, is bringing electricity to 29.3 million African households by 2020 through the new strategy titled New Way of Working.
CBN to increase minimum capital requirement for MfBs
The Central Bank of Nigeria, CBN, is set to increase the minimum capital requirement for Microfinance Banks, MfBs with a view to enhancing their performance.
CBN injects $210m as naira appreciates to N360.25/$ in I&E
The naira started the week with a 40 kobo depreciation to N360.25 per dollar in the Investors’ and Exporters’ (I&E) window, even as the Central Bank of Nigeria (CBN) injected $210 million into the foreign exchange market.
