To Tackle Liquidity Challenges, Boost Lending, Banks Borrow N8.2tn from CBN in 17 Days Kayode Tokede As part of the efforts to tackle liquidity challenges in the financial sector and boost lending to the real sector of the Nigerian economy,
commercial and merchant banks have borrowed N8.2 trillion from the Central Bank of Nigeria (CBN) in the first 17 days of business activities in January 2025, data provided by the apex bank has revealed.
Within the period under review, banks and merchant banks' deposits in CBN stood at N6.69 trillion, amid the banks’ efforts to lend to the real sector of the economy. Commercial banks and merchant
banks access lending from the CBN using the Standing Lending Facility (SLF) window. They also deposit excess liquidity with the apex bank using the Standing Deposit Facility window
(SDF). The CBN provides the SLF, a short-term lending window for banks and merchant banks, to access liquidity to run their day-to-day business operations.
According to THISDAY investigation, banks and merchant banks aggressively borrowed from the apex bank in 2025, to address the Continued on page 5
US Orders Freeze of New Funding for Nearly All Foreign Aid Programmes… Page 8 Sunday, January 26, 2025 Vol 30. No 10885
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Kano Agog as Emir Sanusi Holds Tijjaniyya Maulud Despite Police Ban… Page 6
Northern CAN: Tinubu’s Muslim-Muslim Presidency Has Demonstrated Reasonable Inclusiveness in Governance Says current administration addressing insecurity
John Shiklam in Kaduna The Christian Association of Nigeria (CAN) in the 19 northern states
and the Federal Capital Territory (FCT), Abuja, has declared that President Bola Ahmed Tinubu’s Muslim-Muslim presidency has
demonstrated inclusive governance. Addressing journalists yesterday shortly after the meeting of the National Executive Committee
(NEC) of the association in Kaduna, the Chairman of Northern CAN, Rev. Yakubu Pam, however, said Christians will still want Nigeria’s
religious diversity to be reflected by occupying the position of vice president. Asked if CAN, which in 2023,
opposed President Tinubu’s nomination of a Muslim running Continued on page 5
I Remain Speaker of Lagos House of Assembly, Defiant Obasa Dares Colleagues
Don’t heat up polity, state lawmakers warn ex-speaker Say Obasa’s impeachment followed due process See story on page 5
WORTHY HONOUR FOR AN UNCOMMON AFRICAN…
Chairman, THISDAY/ARISE Media Group, Prince Nduka Obaigbena (left), and the Director General, World Trade Organisation, Dr. Ngozi Okonjo-Iweala, during the presentation of THISDAY Woman of The Year Award to Dr. Okonjo-Iweala in Davos, Switzerland… Friday