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CBN returns N2.87 trillion to banks, but borrowing costs remain high

CBN returns N2.87 trillion to banks, but borrowing costs remain high
Photo: Nairametrics · view original

In October the Central Bank of Nigeria sold N6.182 trillion in new Open Market Operation (OMO) bills, while N9.051 trillion in older bills matured. The difference, about N2.87 trillion, flowed back to the banks. The post CBN returns N2.87 trillion to banks, but borrowing costs remain high appeare...

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