The Central Bank of Nigeria loaned N11.57 trillion to Deposit Money Banks in the first half of this year, the apex bank’s financial markets report has shown.
The SLF is an overnight CBN credit available on banking days between 2pm and 3.30pm, with settlement done on same day value. The applicable rates, which were anchored to the Monetary Policy Rate , for the SLF and SDF, also remained 16.00 and nine per cent, from January to March 25, 2019, respectively; and 15.50 and 8.50 per cent from March 26 to June 2019.
In the first half of 2018, the average daily volume of SLF was N57.36 billion in 123 transaction days, of which ILF conversion constituted N45.54 billion or 79.39 per cent of the total request.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: