Nigerian Banks’ Borrowing from CBN Drops by 44.9% in November Amid Liquidity Crunch

Amid liquidity challenges in the financial sector, Nigerian banks borrowed an estimated N9.97 trillion from the Central Bank of Nigeria (CBN) in November 2024, about 44.90 per cent Month-on-Month (MoM) decline from the N18.09 trillion reported in October 2024, a report by the apex bank has revealed.