contact_phoneCall us +234 (0) 9073530044

BUSINESS

The Central Bank of Nigeria said bank deposits rose by N6.95tn between February 2019 and February 2020.

todayMay 14, 2021 10

Background
share close

The Central Bank of Nigeria said bank deposits rose by N6.95tn between February 2019 and February 2020.

The CBN disclosed this in its report on some of the personal statements of members of the Monetary Policy Committee.

Part of the statement noted there were moderate declines in returns on equity and returns on assets and a significant rise in the share of operating incomes in total interest incomes of Deposit Money Banks.

The CBN also disclosed in its latest monthly economic report for January that broad money supply (M3) declined in January 2021 due, largely, to the fall in net domestic assets of depository corporations, which more than offset the growth in net foreign assets.

Written by: EaglesFM

Rate it

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *

About
eaglesfm_logo

Eagles FM Abuja Nigeria provides information, entertainment & empowerment it’s listeners.

 “Your Radio Experience, You Can Count On”

Contact us
Address
download streaming app
0%