Banks borrow N12trn from CBN in 8 Months
Commercial banks and merchant banks are increasingly depending on the Central Bank of Nigeria for liquidity as they have borrowed ...
Tag: Borrowing
Bank borrowing from CBN rises 260% to N21.87tn
Deposit Money Banks borrowed the sum of N21.87tn from the Central Bank of Nigeria (CBN) via the Standing Lending Facility ...
Nigeria Can’t Survive With Endless Borrowing – DMO
The Debt Management Office has disclosed that it has been difficult for Nigeria to borrow from the international markets as ...
Stop borrowing, experts warn FG as debt profile hits N41.6trn
• Government owing 85% of Nigeria’s debt, says DMO • Says 36 million litres daily petrol consumption unaccounted for • ...
FG to Use Part of Eurobond, Domestic Borrowing to Finance Fuel Subsidy
Amidst economic hardship and rising expenditure, the federal government plans to tap €2 billion ($2.2 billion) this month or next ...
CBN Frowns at FG’s Excessive Borrowing
The Central Bank of Nigeria (CBN) has stated that excessive borrowing by the Federal Government from the CBN’s Means and ...
Borrowing Surges in Lagos as Govt Registers 400 Lenders in Two Years
The Lagos State Government has disclosed that it has registered 400 money lenders in 2 years. The registration legalises the ...
