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standing deposit facility
The Central Bank of Nigeria has pegged bank deposit placement through its Standing Deposit Facility (SDF) at N2billion, saying that any amount in excess of that will not attract interest payment.
As liquidity crunch continues to hold sway in the financial market, commercial banks have continued to access the Central Bank of Nigeria’s (CBN) standing facilities window to square up their positions by borrowing N6.275 trillion from the standing lending facility (SLF) window.
International Monetary Fund (IMF) has cautioned against rising risks in the banking sector leading to banks borrowing a total of N2.496 trillion from Central Bank of Nigeria (CBN) during the last three months of 2017 according to data obtained from the apex bank at the weekend.
Also confirmed are Eng Uba Maska, executive commissioner (North West) for reappointment, Professor Millionaire Abowei, non-Executive director (South
The Nigerian Army (NA) Thursday morning said investigation has commenced into the assault of a motorist at Obalande by a man dressed in military camouflage.
The Office for Budget Responsibility (OBR) said the world’s fifth-biggest economy appeared to have flat-lined or possibly contracted in the second quarter, some of which was probably “pay-back” after Brexit-related stock building in early 2019.
Three French troops died by accident while carrying out an operation against illegal gold mining in the South American territory of French Guiana, military authorities said on Thursday.
The EU has fined Qualcomm €242 million (around $272 million) for selling 3G modem chips at predatory prices in an attempt to drive a competing supplier, Icera, out of the market.
The Kaduna State House of Assembly on Thursday rejected the Commissioner nominee for Agriculture, Alhaji Aliyu Jaafaru.
The Adamawa Sector Command of the Federal Road Safety Corps (FRSC) has sensitized Keke NAPEP riders in the state on the need to register and obtain license as legitimate operators.
Two health workers engaged in prevention of Ebola disease were killed in eastern Democratic Republic of the Congo (DRC) the Health Ministry said on Monday.
Frank Lampard is hoping to see Callum Hudson-Odoi commit to a new contract at Chelsea which will bring any uncertainty regarding his future to a close.
Suspected bandits have killed 10 people and injured five others in a reprisal attack carried out by a group of bandits in Kirtawa village of Safana LGA of Katsina state.