Despite Liquidity Squeeze, CBN Raises N4.74trn From Treasury Bills   Despite liquidity squeeze in the economy, the Central Bank of Nigeria (CBN) raised a total of N4.74trillion via Nigerian Treasury Bills (NTB) in 2022, representing a decline of 21.64 per cent from N6.05 trillion raised in...

Bank Borrowing From CBN Rises By 260% To N21.87trn   Deposit Money Banks borrowed the sum of N21.87tn from the Central Bank of Nigeria via the Standing Lending Facility window and Repurchase Lending platform in 2020, according to the CBN financial data. This represents a 260 per...

Non-oil Exports Rises By 29% To N6.56bn   Nigeria’s non-oil exports rose by 29 per cent, year-on-year, YoY, to $6.56 billion in ten months, reflecting the impact of Federal Government efforts to boost foreign exchange inflow from non-oil sources as well as favourable commodity prices in...

CBN Releases N2.1trn For Manufacturing, Healthcare, Others   The Central Bank of Nigeria (CBN) has released N2.1 trillion to support the real sector, the bank has announced. The apex bank said the funds, which came under the the Real Sector Support Facility (RSSF) were disbursed to 426...

New Naira Notes In Huge Circulation - CBN   The Central Bank of Nigeria has said there is a huge circulation of the new naira notes in the economy. The CBN Lagos Branch Controller, Godfrey Koyor, said this during a stakeholder sensitisation event on the currency redesign...

Export Intervention Loans Now N44bn   The Central Bank of Nigeria’s intervention funds under its Export Facilitation Initiative rose to N44.58bn in October 2022. The bank disclosed this in statements released on its last Monetary Policy Committee meeting in 2022. “Under the Export Facilitation Initiative, the Bank provided...