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Banks besiege CBN for loans as scarcity of funds intensifies

The interbank money market has been gripped with intense scarcity of funds as amount of idle cash (liquidity) in the market fell by 95 percent, prompting banks to besiege    the Standing Lending Facility, SLF, of the Central Bank of Nigeria (CBN) for short term cash needs.  The post Banks besiege CBN for loans as scarcity of funds intensifies appeared first on Vanguard News.
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