Banks’ deposits with CBN soar 783% to N79.8trn
Commercial banks’ deposits with the Central Bank of Nigeria (CBN) have surged by a staggering 783% year-on-year, reaching an all-time high of ₦79.8 trillion as of June 2025, according to data obtained from the apex bank. This significant increase represents a sharp rise from the ₦9.04 trillion recorded in the same period in 2024. Analysts
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