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Banks’ deposit with CBN dropped 68% in 9 months

Due to the pressure placed on Deposit Money Banks by the Central Bank of Nigeria (CBN) to meet the 60% Loan-to-Deposit Ratio (LDR) deadline of September 2019, banks’ deposits with apex bank via the Standing Deposit Facility (SDF) dropped by 68%. 

Power sector records N2.2 billion loss, here is why

The Nigerian power sector as of Friday, October 5, 2019, recorded an estimated N2.2 billion loss. As disclosed in a daily energy report by the Advisory Power Team office of Vice President Yemi Osinbajo, the loss recorded was as a result of insufficient gas supply, distribution, and transmission infrastructure.