Nigerian banks, grappling with liquidity challenges, secured N1.54 trillion from the Central Bank of Nigeria’s (CBN) Standing Lending Facility (SLF) to sustain operations. The liquidity strain intensified after the settlement of an Open Market Operations (OMO) auction conducted by the CBN on Monday, which significantly drained the financial system. Analysts attributed the decline in liquidity … Continue reading Banks Borrow N1.54 Trillion from CBN to Address Liquidity Strain