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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.
As the 2019 Osun Economic and Investment Summit came to an end on Thursday, no fewer than 22 investors have shown interest in partnering with and investing in the state.
The committee saddled with the responsibility of fishing out ghost workers from the Bauchi State civil service has commenced visits to the 20 local government areas of the state.
The National Drug Law Enforcement Agency (NDLEA) says it is embarking on 24 hours surveillance in the FCT to rid the city of drug abuse and illicit drug trafficking.
Juventus is set to outbid Real Madrid in the race to sign Kylian Mbappe, as the Serie A Champions directors aim to hijack the Los Blancos prime target next summer, according to reports.
The Oyo State Police Command, on Thursday, paraded 41 suspected criminals, among whom was a 32-year-old man, Ibrahim Isiaka, who allegedly murdered his father.
The police have lamented that the violence in Kogi State during the governorship elections was worse than that of Bayelsa State.
The governorship candidate of the Peoples Democratic Party in Kogi State on Monday has rejected the declaration of Governor Yahaya Bello as the winner of the Saturday election.
Bayern Munich's new president has praised Pep Guardiola and vowed the club will target the best possible candidate for the vacant head coach position.
Determined to revamp the sports sector in the country, the Sports Minister, Mr. Sunday Dare, will today in Abuja hold an inter-ministerial technical session tagged: “Positioning sports as an industry - From concept to action.”
Property worth millions of naira were on Wednesday reportedly destroyed in a midnight fire that gutted a bungalow located at No. 26 New Nkisi GRA, Onitsha.