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 banks’ borrowing from the apex bank’s Standing Lending (SLF) fell by 82…