Commercial Banks in Nigeria borrowed N15.95 billion from the Central Bank of Nigeria (CBN) in the Standing Lending Facility window in November, 2020. The CBN, which confirmed this in its latest monthly economic report for November, maintained that the Deposit Money Banks have, with this, continued to reduce their borrowings due to excess liquidity in the system. Part of the report read, “Deposit Money Banks and merchant banks continued to access the standing facilities window to square liquidity positions in November 2020. “The trend at the CBN standing facilities…
Read MoreNigerian Banks borrow N15.95bn from CBN in one Month + FULL LIST
