Banks’ deposits in the Central Bank of Nigeria, CBN, Standing Deposit Facility, SDF, recorded a sharp increase by 670.2 percent year-on-year (YoY) to N83.95 trillion in July 2026 from N10.9 trillion in July 2025.
•As borrowings drop
By Elizabeth Adegbesan
Banks’ deposits in the Central Bank of Nigeria, CBN, Standing Deposit Facility, SDF, recorded a sharp increase by 670.2 percent year-on-year (YoY) to N83.95 trillion in July 2026 from N10.9 trillion in July 2025.
On the other hand banks’ borrowing from the apex bank’s Standing Lending (SLF) fell by 82 percent YoY to N1.19 trillion in July 2026 from N6.63 trillion in July 2025.
These were contained in the CBN’s latest financial data released yesterday.
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