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 […]
Federation Account rakes in N797bn VAT revenue in 10 months
The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday said about N797.51 billion revenue generated from Value Added Tax (VAT) between January and October was transferred into the Federation Account.
NNPC denies trying to influence, subvert Senate probe
The Nigerian National Petroleum Corporation, NNPC, Tueday, denied trying to influence members of the National Assembly and subvert the planned probe of its activities and its Group Managing Director, Mr. Maikanti Baru, by the senate.
$4.2bn claim by Turkcell “baseless”, “opportunistic” – MTN
MTN on Tuesday called a 4.2 billion-dollar claim by Turkcell in a South African court over a disputed Iranian mobile phone licence “opportunistic” and “baseless”, the company said on Tuesday after filing a defence plea.
Nigeria’s debt shift to increase exchange rate risks — IMF
The International Monetary Fund yesterday, said that the proposed borrowing plan restructuring away from domestic to foreign by the Federal Government aimed at reducing debt-servicing cost could create exchange rate risks.
FG moves to stop illegal trading on gemstones, precious metals
THE Federal Government has promised to stop illegal trading on gemstones and precious metals in the nation.
