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standing deposit facility

Central bank pegs remunerable bank deposits at N2 billion

The Central Bank of Nigeria has pegged bank deposit placement through its Standing Deposit Facility (SDF) at N2billion, saying that any amount in excess of that will not attract interest payment.

Banks borrow N6.27 trillion from central bank in seven weeks

As liquidity crunch continues to hold sway in the financial market, commercial banks have continued to access the Central Bank of Nigeria’s (CBN) standing facilities window to square up their positions by borrowing N6.275 trillion from the standing lending facility (SLF) window.

IMF raises alarm as banks take N2.4 trillion central bank loans in 3 months

International Monetary Fund (IMF) has cautioned against rising risks in the banking sector leading to banks borrowing a total of N2.496 trillion from Central Bank of Nigeria (CBN) during the last three months of 2017 according to data obtained from the apex bank at the weekend.

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