NEWS: Access, Zenith, UBA, Others Borrow N131.42 Trillion From CBN in 2024 Over Cash Scarcity

1. Commercial and merchant banks were aggressive in their borrowings from the Central Bank of Nigeria (CBN) in the past yearData from the CBN shows that commercial and merchant banks borrowed a massive N131.42 trillion in 2024The amount represents a 636.6% increase and more than the N17.87 trillion borrowed by the financial institutions in 2023

Henzodaily.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

Due to the tight monetary policy…

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