Standing Deposit Facility: Banks Avoid Risky Lending, Lodge N19trn With CBN

Amid persistent liquidity pressures and credit risk aversion in Nigeria’s financial system, Deposit Money Banks (DMBs) have opted to dodge risky loans by lodging a staggering N19.3 trillion with the Central Bank of Nigeria (CBN) through its Standing Deposit Facility (SDF) window in the week ending February 20. Data from the apex bank’s operations showed […]