CBN Approves N2.1trn For Manufacturing, Agric, Healthcare   The Central Bank of Nigeria (CBN) has released N2.1 trillion to support the real sector of the economy, the bank announced at the weekend. The intervention fund sheet of the apex bank said the funds, which came under the...

CBN’s Lending To Commercial Banks Drops by N350bn   Data obtained from the Central Bank of Nigeria (CBN) suggest that money deposit banks (DMBs) could be struggling to park excess cash holdings despite low access to funds by the real sector. According to the financial data, DMBs’...

Analysts Kick As CBN Loans To FG Hit N22trn   The Federal Government borrowed N1.46tn from the Central Bank of Nigeria through Ways and Means Advances in August 2022. The total FG’s borrowing from CBN rose from N20.61tn in July 2022 to N22.07tn in August 2022. According to...

CRR Deductions: CBN Debits 15 Nigerian Banks N838.8 billion The Central Bank of Nigeria (CBN) has debited Nigerian banks a sum of N838.82 billion to mop up liquidity from the Nigerian economy. About fifteen banks were debited a sum of N838.82 billion for not meeting the...

Experts Warn CBN on Continuous High Prices, Unemployment As a result of the recent increase in the base lending rate, the Manufacturers Association of Nigeria and the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture have warned the Central Bank of Nigeria that...

CBN Raises Interest Rate To 15.5% To Tame Inflation   The Monetary Policy Committee of the Central Bank of Nigeria has raised the benchmark interest rate from 14 to 15.5 per cent in order to tame the rising inflation rate. This represents a 150-basis-point increase from the...