Tag Archives: Liquidity

Nigerian banks have significantly increased their reliance on the Central Bank of Nigeria’s (CBN) Standing Lending Facility (SLF) as liquidity demands surge. As of October 11, 2024, banks collectively borrowed a substantial N930.7 billion through this short-term lending mechanism, reflecting a growing need for temporary funding to meet their operational …

Nigeria’s federal government has announced plans to raise up to $10 billion as part of immediate strategies to bring liquidity to the foreign exchange market and strengthen the naira. President Tinubu disclosed this at the inaugural Public Wealth Management Conference organised by the Ministry of Finance Incorporated (MOFI) on Tuesday in Abuja. …

The Nigerian Apex Bank has said the total assets in the Nigerian banking sector rose by N11.8 billion in one year to N65.48 trillion as of the end of June 2022, representing 22 per cent increase over the period. The Deputy Governor, Financial Systems Stability Directorate, Aishah Ahmad, disclosed this …

While striving to keep their cash balance demands strong, some Nigerian deposit money banks (DMBs) have continued to battle liquidity pressures amidst rising short-term interest rates in the money market. In recent times, the local banks have been selling their respective position in the Nigerian treasury bills to raise funds …

The naira appreciated to N385.50 at the Investors and Exporters (I&E) window on Monday, June 1, 2020, as the Central Bank of Nigeria’s intervention in the foreign exchange market intensifies. The demand pressure on the foreign exchange market by currency speculators also seems to be on a decrease. The local …

The latest survey carried out by the Lagos Chamber of Commerce and Industry (LCCI) has shown that 83 per cent of business owners plan to cut down on salaries and reduce the number of people in their employment. Although the lockdown may have been relaxed, the impact on businesses may …

Central Bank of Nigeria (CBN) has fined about 28 financial institutions a total sum of N1.4 trillion or $3.9 billion to reduce excess cash in the banking sector, curtail rising inflation and support the Naira. The central bank had raised Cash Reserve Ratio (CRR) by 500 basis points to 27.5 …