Banks park N83.95tn with CBN as liquidity rises

Nigerian banks significantly increased the amount of funds placed with the Central Bank of Nigeria through its Standing Deposit Facility in July, indicating a sharp rise in excess liquidity within the financial system despite the apex bank’s tight monetary policy stance. Latest financial data released by the CBN showed that commercial banks deposited N83.95tn with Read More: https://punchng.com/banks-park-n83-95tn-with-cbn-as-liquidity-rises/

By Punch Newspapers