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Tag: Standing Lending Facility (SLF)

Banks Borrowing From CBN Increase By 174% To N2.4trn

Banks Borrowing From CBN Increase By 174% To N2.4trn     In apparent reflection of the intense scarcity of funds that prevailed in the interbank money market in April, banks’ borrowing from the Central Bank of Nigeria (CBN) rose by 174 per cent to N2.48 trillion from...

Banks’ Borrowings From CBN Drops By 93%

Banks’ Borrowings From CBN Drops By 93%       Deposit Money Banks’ reliance on the loans from the Central Bank of Nigeria (CBN) fell sharply by 93 percent in August, driven by surge in idle cash (excess liquidity) in the interbank money market. Also reflecting the excess liquidity...