Liquidity: Banks borrow N1.2tr from CBN in one day

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, TrustBanc Financial Group Limited said in a note.The post Liquidity: Banks borrow N1.2tr from CBN in one day appeared first on The Guardian Nigeria News - Nigeria and World News.

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