Banks’ deposits with CBN soar 1,578% to N53.5trn

By Elizabeth Adegbesan In clear demonstration of excess liquidity in the banking system, banks’ deposit with the Central Bank of Nigeria, CBN, rose sharply by 1,578 percent year-on-year, YoY, to N53.5 trillion in the first five months of the year (5M’25) from N3.19 trillion in the corresponding period of 2024 (5M’24). The CBN has two short term [...]The post Banks’ deposits with CBN soar 1,578% to N53.5trn appeared first on Vanguard News.

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