Tag Archives: CBN

Banks’ borrowings from CBN rise 233% to N26.9trn in 2021

Banks’  borrowings from the Central Bank of Nigeria, CBN, rose by 233 per cent, year-on-year, to N26.9 trillion in 2021 reflecting  increased  reliance on the apex bank to cope with the intense scarcity of funds which prevailed in the interbank money market for most part of last year. The CBN has two short term lending windows for banks namely the Standing ...

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CBN’s ENaira Website Goes Live

The Central Bank of Nigeria’s eNaira website has gone live ahead of schedule. And, in the 24 hours following the launch, it received more than a million hits. The CBN stated that eNaira – a central bank-issued digital currency that provides a unique form of money denominated in Naira – would serve as both a medium of exchange and a ...

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