BusinessDay
Nigeria's leading finance and market intelligence news report.

CBN’s liquidity-mopping efforts becoming increasingly costly

The Central Bank of Nigeria’s (CBN) battle to stabilize the foreign exchange markets and lower inflation expectations is becoming increasingly costly, data from its 2017 annual reports show. The CBN’s interest expense (interest payable on any borrowings – bonds, loans, convertible debt or lines of credit) jumped significantly by 192.8 percent to N1.3 trillion in…



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