CBN’s Lending to Banks Rises by 466 % to N268bn   Banks’ borrowings from the Standing Lending Facility (SLF) of the Central Bank of Nigeria (CBN) increased year-on-year (YoY) by 466 percent to N268.3 billion as at end of October 2023 from N47.35 billion as at...

How States Obtained N26.31bn Excess Crude Account Loans   State governments have acquired about N26.31bn loans from the Excess Crude Account facility, which is meant for implementing development and infrastructural projects. Findings showed that a total of about N183.1bn excess crude account facility deposit sits in the...

FG Earmarks N3.27trn on Palliatives, Loans   The total spending by the Federal Government on palliatives and loans to cushion the effect of the fuel subsidy removal may hit N3.27tn. The palliatives and loans were meant to cushion the effects of economic hardships on Nigerians and businesses...

Banks’ Bad Loans Hit N478bn   At least four banks recorded N478bn non-performing loans during the first half of this year, according to their financial results Specifically, Guaranty Trust Bank Holding Plc (GTCO), FBN Holdings Plc and two other banks reported N478.93bn non-performing loans by value in...

CBN Releases N38bn Loans To Mortgage Banks   The Central Bank of Nigeria (CBN) disbursed loans and advances worth N37.6bn to mortgage banks in 2022; the audited financial statement of the apex bank has shown. The mortgage banks that received the loans from the CBN include the...

CBN Staff Loans Increase By 113%, Now N40bn The Central Bank of Nigeria (CBN) has said that it issued N40.67bn loans to members of its staff as of December 2022. This was according to the apex bank’s audited financial statement for 2022. Economic Confidential observed that there...