Banks, Others’ Borrowings from CBN Fell by 66% to N1.4trn in Four Months

Banks, Others’ Borrowings from CBN Fell by 66% to N1.4trn in Four Months

•Analysts attribute decline to high volume of currency in circulation Nume Ekeghe Deposit money banks (DMBs and merchant banks borrowing from the Central Bank of Nigeria’s (CBN) Standing Lending Facility (SLF) dropped year-on-year (YoY) by 66 per cent to N1.49 trillion in first four months of 2022, from N4.44 trillion in the comparable period of […]
Source: Banks, Others’ Borrowings from CBN Fell by 66% to N1.4trn in Four Months

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post culled from thisdaylive