Nigerian banks have managed to offset the effects of significant daily outflows averaging N47.6 billion by effectively utilising the Central Bank of Nigeria’s (CBN) Standing Lending Facility (SLF).

Nigerian banks borrowed N930.7 billion from the Central Bank of Nigeria (CBN) through its Standing Lending Facility (SLF) as of October 11, 2024, indicating a surge in liquidity demands.

This is a significant increase from the N930.76 billion volume in June 2024 and N923.37 billion in July 2023. The surge follows the spread of PoS terminal deployment across the country. PoS ...

The value of Point of Sale transactions in Nigeria totalled N6.23 trillion between January and July 2024, according to data from the Nigeria Inter-Bank Settlement System. This was a 7.4 percent ...

As of last month when NNPC was the sole off-taker of the petrol from Dangote refinery, the National Oil Company sold the product to Nigerians at N897 per liter while other independent oil marketers ...

The decline resumed in June, with PoS transactions dipping by 1.3 per cent to N930.76bn, down from N943.38bn in June 2023. However, PoS transactions in the country picked up again in July ...