DMBs’ Deposits To CBN Increase Despite Cash Crunch

Despite the liquidity crunch in the financial sector, deposit money banks and merchant banks’ deposits with the Central Bank of Nigeria (CBN) increased to N579.27 billion in June 2023, representing an increase of 25.4 per cent when compared to N461.85 billion in May 2023. The reported N579.27 billion deposit with CBN is 118.34 per cent … Continue reading DMBs’ Deposits To CBN Increase Despite Cash Crunch