Banking

Nigerian banks, others borrowed N30.45tn from CBN in Q1 2024 – Report

Nigerian banks and merchant banks in the first quarter of this year, borrowed a sum of N30.45 trillion from the Central Bank of Nigeria, an increase of 514 per cent Year-on-Year from N4.96 trillion in the first quarter of 2023, amid excess liquidity. To access liquidity to run their day-to-day business operations, the CBN provides […]