Home Topics Standing deposit facility

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.

Recent Stories

Economic summit: 22 investors show interest in Osun

As the 2019 Osun Economic and Investment Summit came to an end on Thursday, no fewer than 22 investors have shown interest in partnering with and investing in the state.

Ghost workers: Bauchi verification committee moves to local councils

The committee saddled with the responsibility of fishing out ghost workers from the Bauchi State civil service has commenced visits to the 20 local government areas of the state.
Over 300,000 job seekers have applied for the 5,000 vacancies advertised by the National Drug Law Enforcement Agency (NDLEA).

Drug abuse: NDLEA to conduct 24hrs surveillance in Abuja

The National Drug Law Enforcement Agency (NDLEA) says it is embarking on 24 hours surveillance in the FCT to rid the city of drug abuse and illicit drug trafficking.

Juventus set to outbid Real Madrid in the race to sign PSG star

Juventus is set to outbid Real Madrid in the race to sign Kylian Mbappe, as the Serie A Champions directors aim to hijack the Los Blancos prime target next summer, according to reports.

Man narrates how he killed 72-year-old father

The Oyo State Police Command, on Thursday, paraded 41 suspected criminals, among whom was a 32-year-old man, Ibrahim Isiaka, who allegedly murdered his father.