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Standing Deposit Facility

Banks, Others’ Deposits In CBN Drop N4.41trn In 2020

ADEBISI ADEMOLA Jan 4, 2021

The Loan to Deposit Ratio (LDR) policy of the Central Bank of Nigeria (CBN) took a toll on the Nigerian banking sector in 2020, forcing its deposits with the apex bank to dip by a whooping N4.41 trillion by December 31, InsideBusinessNG can…

Finance

Nigeria’s Central Bank Pegs Interest Payment Deposits To N2bn

CHUKWUMA KELECHUKWU Jul 11, 2019

By CHUKWUMA KELECHUKWU In obvious move to discourage dumping of idle cash at the Standing Deposit Facility (SDF), the Central Bank of Nigeria (CBN) has limited interest payment on bank deposits to amount not exceeding N2billion. Banks…