Tags : bank deposit

Banks Deposits Rise By 24%

The total deposits in the banks rose by 24.17 percent from N33.85 trillion as of the end of June 2021 to N42.03 trillion in the corresponding period of 2022. This was disclosed by the Deputy Governor, Financial Systems Stability Directorate, Aishah Ahmad, at the last MPC meeting. According to Ahmad, “Key industry aggregates also continued […]Read More

Banks’ Borrowing From CBN Rises 63% 

Banks’ borrowing from the Central Bank of Nigeria has  persisted in its upward trend in May, rising by 63 percent, Month-on-Month, MoM, to N1.8 trillion.  The CBN lends money to banks through the Standing Lending Facility (SLF) and Repurchase (Repo) arrangement windows. While the CBN lends money to banks through the SLF at interest rate […]Read More

Bank Deposits Rise To N16.89tn In Three Months

Figures obtained from the Central Bank of Nigeria revealed , banks’ demand deposits rose by N1.1tn in three months to N16.89tn as of the end of March 2022. According to the CBN, the figure, which stood at N15.81tn as of the end of January, rose to N16.17tn as of the end of February. Currency in […]Read More