Banks’ Borrowings From CBN Rise By 464% To N4.95trn   Banks’ borrowings from the Central Bank of Nigeria (CBN) Standing Lending Facility (SLF) rose year-on-year (YoY) by 464 percent to N4.95 trillion in the first quarter of 2023 (Q1’23) from N877 billion in the corresponding period...

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...

Banks’ Borrowing From CBN Drop By 42% In H1, 2022   Banks borrowings from the Central Bank of Nigeria (CBN) declined by 42 per cent in the first half of 2022 compared to the previous year following the increase in Monetary Policy Rate (MPR), improved business...

Banks’ Borrowing From CBN Rises By 74% To N901bn   The scarcity of funds (liquidity) in the interbank money market has compelled banks to rely more on the Central Bank of Nigeria (CBN) for short term liquidity needs. Findings show that banks borrowed N901 billion from the...