Banks’ deposits rise 670% to N83.95trn
On the other hand banks’ borrowing from the apex bank’s Standing Lending (SLF) fell by 82 percent YoY to N1.•As borrowings drop By Elizabeth Adegbesan Banks’ deposits in the Central Bank of Nigeria, CBN, Standing Deposit Facility, SDF, recorded a sharp increase by 670.
The CBN accepts deposits from banks through its SDF, while it has two short term lending windows for banks; the Standing Lending Facility (SLF) and Repo lending.
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