Banks borrowed N225bn daily from CBN in May —Report

DUE to liquidity challenges, Deposit Money Banks in Nigeria made daily requests from the Central Bank of Nigeria (CBN), ranging from N171.62 billion to N345.69 billion, resulting in daily average of N225.03 billion for the 18 transaction days in the month of May. Latest data from the CBN showed that this resulted in a total … Continue reading Banks borrowed N225bn daily from CBN in May —Report