Business

Banks’ borrowing drops 89% to N126bn 

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 […]
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CardCentre Nigeria repositions, exit  from  SMEEIS

CardCentre Nigeria repositions, exit from SMEEIS

By Babajide Komolafe Cardcentre     Nigeria Ltd,     the pioneer in card technology and production said it has exited from the Small and Medium Enterprises Equity Investment Scheme (SMEEIS).

Ogun State set to raise N60bn Bond

Ogun State set to raise N60bn Bond

In an apparent bid to meet its long term developmental goals, the Ogun State government is set to raise not less than N50 billion from the nation’s capital market, even as it refutes allegations from some members of the State House of Assembly that the state has no financial statement

Customs gets two helicopters to monitor petroleum export

Customs gets two helicopters to monitor petroleum export

After over 20 years of non monitoring of the nation’s petroleum export following the inability of the Nigeria Customs Service (NCS) saddled with the responsibility to get to the loading points, the Service has acquired two brand-new helicopters which are presently being assembled for that purpose as well as to combat smuggling.

KNOC demands restoration of OPLs 321, 323

KNOC demands restoration of OPLs 321, 323

THE Korean National Oil Company, KNOC has urged a High court sitting in Abuja to restore its two oil prospecting licences revoked earlier this year by the Federal Government over the company’s alleged inability to pay in full the signature bonus put at $485 million.