Money Market

CBN’s lending to banks rises 466 % to N268bn

CBN’s lending to banks rises 466 % to N268bn

Banks’ borrowings from the Standing Lending Facility (SLF) of the Central Bank of Nigeria (CBN) increased year-on-year  (YoY)  by 466 percent to N268.3 billion as at end of October 2023 from N47.35 billion as at October  2022 reflecting the increase in currency outside banks.