Standing Deposit Facility
NigeriaEconomy
CBN Targets N1.5 Trillion in OMO Auction as Banks’ Deposits Hit N5.9 Trillion
The Central Bank of Nigeria (CBN) has opened a fresh ₦1.5 trillion Open Market Operations (OMO) auction as it intensifies efforts to withdraw...
NigeriaEconomy
Banks Cut CBN Deposits by N942 Billion in One Day
Nigerian banks sharply reduced the amount of money they kept with the Central Bank of Nigeria (CBN) through its Standing Deposit Facility (SDF),...
