The deposits in commercial banks operating in Nigeria dropped in the first quarter of 2023, data from the financial regulator, the Central Bank of Nigeria (CBN), has revealed.
In the first quarter, which covers between January and March, deposits fell by N210 billion or 1.04 per cent during the period of review.
Ripples Nigeria gathered that the deposits depreciated to N19.91 trillion at the end of March, from the N20.12 trillion the deposit money banks had in their vault in January.
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