Rising Debt Servicing Cost Can Impede Growth – CBN       The Central Bank of Nigeria has expressed concern over the rising cost of debt service being incurred by the Federal Government. The CBN, in its half-year 2020 economic report, said the trajectory of Federal Government’s debt further...

CBN To Firms: Expect Borrowing, Inflation Rates To Rise       The Central Bank of Nigeria has said the firms that participated in its latest business expectations survey expect borrowing and inflation rates in the country to rise further in the coming months. The CBN said in its...

Fed Govt Recorded N409.39bn Fiscal Deficit In August – CBN       The Federal Government recorded a fiscal deficit of N409.39bn in August, even as its total federally collected revenue rose by 2.7 per cent to N767.55bn. The federally collected revenue generated in August was, however, below the...

Foreign Reserves Declined To $35.69bn In October       The country’s foreign reserves fell to $35.689bn as of the end of October, according to figures obtained from the Central Bank of Nigeria. The CBN disclosed that the reserves which was $35.72bn as of the end of September lost...

CBN To Assess Risks Of Banks With Cross-border Expansion       The Central Bank of Nigeria has said it will introduce guidelines to assess the level of exposure of banks with international authourisation that are engaging in cross broader expansion. This would enable it to monitor the risks...

CBN Increases Access To Mortgage Financing         The Central Bank of Nigeria has said it has removed the restriction on non-member mortgage lenders from refinancing their mortgages with the Mortgage Refinance Company. It said it now permits the MRCs to refinance the qualifying mortgages of lenders that...