Banks’ deposits with CBN drop 95.82% on naira redesign
Commercial banks’ deposits with the Central Bank of Nigeria (CBN), known as Standing Deposit Facility (SDF), has dropped by 95.82 percent in less than two months due to the cash crunch occasioned by the naira redesign policy. Data from the CBN’s website show that banks’ deposits with the apex bank dropped to N4.69 billion as […]
read more Banks’ deposits with CBN drop 95.82% on naira redesign
