Nigerian Banks Increase CBN Placements To ₦4.1 Trillion Amid Stable Interest Rates

Nigerian deposit money banks (DMBs) have ramped up their placements with the Central Bank of Nigeria (CBN) through its Standing Deposit Facility (SDF), a move analysts say reflects efforts to enhance earnings amid improved market liquidity. In October, liquidity in the money market remained robust, helping to stabilise short-term benchmark interest rates after the September … Continue reading Nigerian Banks Increase CBN Placements To ₦4.1 Trillion Amid Stable Interest Rates