Banks’ deposits rise 670% to N83.95trn

•As borrowings drop By Elizabeth Adegbesan Banks’ deposits in the Central Bank of Nigeria, CBN, Standing Deposit Facility, SDF, recorded a sharp increase by 670.2 percent year-on-year (YoY) to N83.95 trillion in July 2026 from N10.9 trillion in July 2025. On the other hand b...

The Briefing Africa

August 4, 2026 · 06:13 · 5 min read

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Banks’ deposits rise 670% to N83.95trn