Banks’ borrowing from CBN rises 63% to N1.8trn
By Babajide Komolafe, Economy Editor The upward trend in banks’ borrowing from the Central Bank of Nigeria, CBN, persisted in May, rising by 63 per cent, Month-on-Month, MoM, to N1.8 trillion. The CBN has two short term lending windows for banks namely the Standing Lending Facility (SLF) and Repo lending. While the CBN lends money […]
CBN escrow of DisCos’ bank accounts saved sector from collapse – Experts
Energy experts have claimed that the decision by the Central Bank of Nigeria (CBN) to escrow the bank accounts of electricity distribution companies in August, 2020, saved the power sector from collapse.
Stakeholders appraise CBN’s TIES initiative
NIGERIAN students, on the platform of the National Association of Nigerian Students, NANS, are now in high spirits, while building hopes of a new dawn of a positive post-schooling experience.
N19.3bn bailout: Activist to sue EFCC, Yahaya Bello, others
By Arogbonlo Israel A renowned activist, blogger and politician of Kogi extraction, popularly known as Usman Okai has vowed to sue the Economic and Financial Crimes Commission (EFCC), Kogi State Governor, Yahaya Bello, among others over unsubstantiated allegations that the State Government fixed N19.3 billion bailout funds received from the Federal Government. The activist, who […]
Economy steadily recovering, but growth still fragile — CBN
THE Central Bank of Nigeria, CBN, Tuesday, said Nigeria’s economy is on recovery path but the growth is still fragile and below potential.
How CBN intervention can lower N1trn electricity subsidy cost – experts
With Federal Government set to eliminate most subsidies in the electricity sector by January 1, 2022, experts have held that the government could leverage on the N1.5 trillion intervention funds provided by the Central Bank of Nigeria (CBN) to boost the finances of the industry.
