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Mandatory deposits with CBN hit N24.81trn, squeezing loan growth

Banks’ mandatory deposits with the Central Bank of Nigeria (CBN) have surged to record levels, tightening liquidity in the banking sector and stifling credit expansion to businesses and consumers. Available data from the CBN show that nine leading Nigerian banks held a combined ₦24.81 trillion as mandatory deposits with the apex bank as of September […]


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