Despite increased Liquidity, Banks borrow N124.6bn from CBN
The Apex bank, Central Bank of Nigeria, CBN, says despite a 26.6 per cent increase in the banking system liquidity, ...
Tag: Central Bank of Nigeria (CBN)
Senate Clears CBN Non-executive Director Nominees
The Chairman Senate Committee on Banking, Insurance, and Other Financial Institutions, Uba Sani, has revealed that President Muhammadu Buhari’s nominees ...
Commercial banks borrow N4.4trn from CBN in 3 months
… 34 per cent of commercial loans held by public sector Deposit money banks (DMBs) accessed an accumulated value of ...
IATA lauds CBN for releasing part of foreign airlines’ trapped funds
International Air Transport Association (IATA) has commended the Central Bank of Nigeria (CBN) for releasing $265m out of foreign airlines’ ...
CBN releases $265m to airlines over repatriation challenges
The Central Bank of Nigeria (CBN) on Friday, released $265m to airlines operating in the country, to settle outstanding ticket ...
Airlines Chief Beg CBN To Release Blocked Funds
Executive Officer of an aviation company, Mr Segun Adewale, has urged the Federal Government to expeditiously repatriate the $600 million ...
GenCos, DisCos owe Banks N836bn Amid Crisis
Power generation and distribution companies owe Nigerian banks N836.09bn amid the lingering problems plaguing the sector since it was privatised ...
CBN Raises Interest Rate On Savings Deposit To 30% Of MPR
The Central Bank of Nigeria (CBN) has directed deposit money banks in Nigeria to pay savings deposit account holders an ...
Why CBN Interest rate Hikes may fail to reduce Nigeria’s Inflation
The National Bureau of Statistics (NBS) announced that Nigeria’s inflation rate rose to a 17-year high of 19.64% in July ...
