The Central Bank of Nigeria in its economic report for the third quarter of 2019 disclosed that the total assets and liabilities of commercial banks in Nigeria rose from N37.14tn at the end of November 2018 to N39.58tn as of the end of August 2019.

The Central Bank of Nigeria has said that Nigeria spent $1.09bn on debt servicing between January and September 2019. CBN made this disclosure via a new report.

As Nigeria celebrated its 59th independence yesterday, a former Governor of the Central Bank of Nigeria (CBN), Prof. Charles Soludo has urged the Buhari-led Federal Government to employ new national business models in a bid to get the country to its desired progressive destination.