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Tag: N1.56 Trillion

Banks Cut Borrowings From CBN By N1.56trn

Banks Cut Borrowings From CBN By N1.56trn       Banks borrowings from the Central Bank of Nigeria reduced by N1.56tn to N136.13bn in the fourth quarter of 2020 from N1.7tn in the third quarter. Figures obtained from the Central Bank of Nigeria on ‘Standing facilities window operations’ in...

Customs Revenue Rises, Rakes In N1.56trn In One Year

Customs Revenue Rises, Rakes In N1.56trn In One Year         The Nigeria Customs Service on Wednesday said it generated N1.56tn in 2020. It said the amount generated was over the target of N1.38tn and over the sum of N1.34tn generated in 2019 despite the COVID-19 pandemic. The Comptroller-General...