Banks’ deposits with CBN soar 907% to N68.9trn

By Elizabeth Adegbesan Banks have increased their deposit with the Central Bank of Nigeria, CBN, by 907.3 percent Year-on-Year, YoY, to N68.9 trillion in the first half of the year (H1’25) from N6.84 trillion in the corresponding period of 2024 (H1’24), reflecting excess liquidity in the banking system. CBN accepts deposits from banks through its Standing Deposit [...]The post Banks’ deposits with CBN soar 907% to N68.9trn appeared first on Vanguard News.

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