
- 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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