EconomicConfidential
Banks Borrow N1.2trn From CBN in One Day Amid Liquidity Pressure Owing to liquidity challenge, Nigerian Deposit Money Banks (DMBs) have made the largest single withdrawal of N1.2 trillion from the Central Bank’s (CBN) Standing Lending Facility (SLF) to fund operations due to a liquidity shortfall in the money market…
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Banks Borrow N1.2trn From CBN in One Day Amid Liquidity Pressure
Banks Borrow N1.2trn From CBN in One Day Amid Liquidity Pressure Owing to liquidity challenge, Nigerian Deposit Money Banks (DMBs) have made the largest single withdrawal of N1.2 trillion from the Central Bank’s (CBN) Standing Lending Facility (SLF) to fund operations due to a liquidity shortfall in the money market…