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Liquidity: Banks borrow N1.2tr from CBN in one day
Owing to liquidity challenge, Nigerian Deposit Money Banks (DMBs) have made the largest single withdrawal of N1.2 trillion from the Central Bank’s (CBN) Standing Lending Facility (SLF) to fund operations due to a liquidity shortfall in the money market, TrustBanc Financial Group Limited said in a note.
Sulaimon Salau
