Nigerian banks borrow N11.15tn from CBN in 2022

Nigerian banks borrowing from the Central Bank of Nigeria (CBN) has increased to N11.15 trillion in 2022.

Deposit Money Banks borrowed from CBN via the Standing Lending Facility window.

The Standing Lending Facility (SLF) is a line of short-term credit available for commercial banks to draw on when they need to meet immediate short-term withdrawals from their customers. Commercial Banks can also deposit free cash with the CBN via the Standing Deposit Facility (SDF).