Nigeria's banking sector deposited a total of N4.15 trillion with the Central Bank of Nigeria (CBN) through the Standing Deposit Facility (SDF) during the week, highlighting persistent excess liquidity in the financial system, despite ongoing monetary tightening measures. Market data showed that deposits at the SDF surged by nearly 60 percent from N2.60 trillion recorded in the previous week. In contrast, borrowing through the CBN’s Standing Lending Facility (SLF) remained marginal at N36.10 billion, indicating that banks faced little pressure in meeting short-term funding needs..... .............................READ MORE