Tag: CBN
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Banks’ Weekly Borrowing from CBN Climbs to N5.38 Trillion on Liquidity Needs
In the first five days of July 2024, Deposit Money Banks' borrowing from the Central Bank of Nigeria (CBN) reached an all-time high of...
Money Supply Reaches Record High of N99.23 Trillion in Spite of Liquidity Shortage
Despite monetary tightening measures being pursued by the Central Bank of Nigeria (CBN), Nigeria's money supply (M3) hit a record high of N99.23 trillion...
CBN Considers New Regulation to Foster Compliance Among Nigerian Fintech
The Central Bank of Nigeria (CBN) has announced that it is developing a new law designed to raise the bar for corporate governance and...
CBN provides IMTOs with naira access to enhance remittances
On Monday, the Central Bank of Nigeria (CBN) announced fresh initiatives aimed at increasing naira liquidity and diaspora remittances.
Eligible International Money Transfer Operators (IMTOs)...
More naira, less value as N7.6 trillion in consumer spending is eroded by inflation
Nigerians are spending more money, but their money is worth less because by 2023, inflation will have cost consumers at least N7.61 trillion.
The National...
