
New data from the Central Bank of Nigeria (CBN) indicates a significant increase of N17.4 trillion in federal government borrowing, which raises concerns about the growing public sector debt and the potential impact on private sector credit availability.
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The Central Bank of Nigeria (CBN) has intensified its liquidity sterilisation efforts, absorbing around N4.74 trillion from investors through three Open Market Operations (OMO) auctions held on June 22 and June 23, 2026. This move is part of the CBN's strategy to manage liquidity in the financial system during the final week of June 2026, according to Nairametrics.
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