CBN’s Liquidity Mop-up Triggers Surge in Banks’ Borrowing to N8.7 Trillion in Two Months
The Central Bank of Nigeria's efforts to mop up liquidity have led to a significant increase in borrowing by deposit ...
Tag: borrowing
FG Plans to Borrow N2.5 Trillion Through Bonds – DMO
The Federal Government of Nigeria is set to embark on its second Federal Government of Nigeria (FGN) bonds auction for ...
Domestic Borrowing Soars by 134%, Reaches N52 Trillion
In a startling revelation, the Director-General of the Debt Management Office (DMO), Patience Oniha, has disclosed that Nigeria's total domestic ...
FG Secures $1.95 Billion in World Bank Loans Amidst Debt Concerns
Nigeria, facing concerns over its rising debt profile, has secured a total of $1.95 billion in loans from the World ...
Liquidity Crunch: Banking Sector’s Borrowing from CBN Surges to N12 Trillion.
In a noticeable trend, Nigeria's commercial banks and merchant banks have been increasingly turning to the Central Bank of Nigeria ...
Hidden Truths of Nigeria’s FX Reserves Unveiled by JP Morgan Report
In a recent revelation that has sent shockwaves through Nigeria's financial landscape, JP Morgan, a prominent American multinational financial services ...
CBN Revises Cash Reserve Ratio for Merchant Banks, Slashing it to 10%
In a move aimed at stimulating economic growth, the Central Bank of Nigeria (CBN) announced on Friday its decision to ...
Liquidity Crunch in Nigerian Banking Sector Spurs Surge in Borrowings.
The Nigerian banking sector is currently facing a liquidity crunch, with Deposit Money Banks (DMBs) and merchant banks resorting to ...
US Nation’s Employers Add 339,000 Jobs in May, Defying Market Expectations.
In a surprising turn of events, the US nation's employers showcased their strength in the job market by adding a ...
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