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Non-oil exports rise from 29% to N6.56bn

Nigeria’s non-oil exports rose by 29 percent, year-on-year, YoY, to $6.56 billion in ten months, reflecting the impact of Federal Government efforts to boost foreign exchange inflow from non-oil sources as well as favorable commodity prices in the international market. The figure was $4.58 billion in the corresponding period of 2021 (10M’21).

Bank borrowing from CBN rises 260% to N21.87tn

Deposit Money Banks borrowed the sum of N21.87tn from the Central Bank of Nigeria via the Standing Lending Facility window and Repurchase Lending platform in 2020, according to the CBN financial data. This represents a 260 percent increase when compared to the N5.744tn recorded via the same windows in 2022. It, however, represents a 19.3 […]

CBN DISBURSES OVER N2tn to 426 INDUSTRIES

The Central Bank of Nigeria has disbursed a cumulative sum of N2.10tn to 426 projects under its Real Sector Support Facility. This was disclosed by the Director of Corporate Communications of the CBN, Mr. Osita Nwanisobi, on Monday in Abuja at the ongoing Abuja International Trade Fair. “For the records, under the Real Sector Facility, […]