CBN loans to banks rise 145.8% on cash crunch
Deposit Money Banks (DMBs) borrowing from the Central Bank of Nigeria (CBN), known as Standing Lending Facility (SLF), increased by 145.8 percent in the first half of 2021, the apex bank…
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Why the CBN wants to get into digital currencies
Intense interest in cryptocurrencies, such as the bitcoin, as well as the Covid-19 pandemic has sparked debate among Central Banks globally on whether they should issue digital currencies of…
Large maturing debts set to test CBN’s pro-growth resolve
Nigeria’s Central Bank (CBN) has been forthcoming with its intention to boost the economy by encouraging credit creation and manufacturers to source raw materials locally, but the apex…
Unity Bank shows improved profitability with 96% half-year profit growth to N967m
Unity Bank plc, a Nigerian mid-tier lender, showed improved profitability for the first time in four years after its post-tax profit almost doubled in the first six months of 2019.
CBN bank says injected $326 mln into currency market
Nigeria’s central bank said on Friday it had injected $325.64 million into the interbank foreign exchange market as part of efforts to boost liquidity and reduce dollar shortages.
Nigeria,…