In the ten days of December 2024, banks and merchant banks borrowed an estimated N7.04 trillion from the Central Bank of Nigeria The interest rate at which these financial institutions borrow from the CBN has altered since the MPC of the CBN increased the MPRIn the first eleven months of 2024, banks and merchant banks borrowed N114.6 trillion, according to CBN financial data
Henzodaily.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.
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