- Nigerian banks have turned to CBN in their search for funds for their operations, borrowed over N1 trillion in hours
- The amount is the highest borrowing recorded according to data from the Central Bank of Nigeria
- Banks obtain funds from the Central Bank of Nigeria (CBN) via the Standing Lending Facility (SLF), which serves as a tool for managing liquidity
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Deposit Money Banks(DMBs) have used the Central Bank of Nigeria (CBN) Standing Lending Facility (SLF) to secure funds for operation.
