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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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By Peter Egwuatu The International Monetary Fund (IMF) has warned that the growing adoption of dollar-backed stablecoins must not be allowed to weaken fiscal and monetary discipline in countries whose currencies and assets underpin the digital tokens. According to a statement released by the IMF, its Managing Director, KristalinaGeorgieva, who spoke at the Jackson Hole […]
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By ObasEsiedesa, Abuja The electricity tariff subsidy obligation of the Federal Government (FG) stood at N1.92 trillion in 2025, as the government continues to absorb the gap between cost-reflective electricity tariffs and rates paid by customers, according to the Nigerian Electricity Regulatory Commission (NERC). NERC, in its 2025 industry report, put the government’s gross tariff […]
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Justice Akintayo Aluko made the order on Monday while granting a motion ex parte in suit marked FHC/L/CS/1174/26, filed and moved by lawyers to the Dangote Petroleum Refinery led by Olawale Akoni, SAN.
The post Dangote Refinery secures court orders against NMDPRA appeared first on Vanguard News.