Proof of Strong Liquidity: Commercial, Merchant Banks Deposit N9.39tn with CBN in One Month Kayode Tokede
The Deposit Money Banks’ (DMBs) excess liquidity with the Central Bank of Nigeria (CBN) hit N9.39 trillion in January 2025, up from the N1.29
trillion deposited in January 2024, an indication of a healthier liquidity in the financial system. This represents an increase of 627.17 per cent when compared to the amount the banks deposited
in January 2024, the apex bank’s financial data has revealed. DMBs, which comprise commercial banks and merchant banks, use the Standing Deposit Facility (SDF) to deposit excess funds with the apex
bank, and this deposit attracts interest. The strong patronage at the SDF confirmed healthier liquidity in the Nigerian banking system. These banks also use the Standing Lending Facility (SLF), a short-term
lending window for banks and merchant banks, to access liquidity from the apex bank to run their day-to-day business operations. The CBN had shifted to a single-tier remuneration structure for the SDF.
Previously, deposits of up to a certain threshold, for example, N3 billion, earned a higher interest rate, while amounts exceeding that Continued on page 5
15 Governors, Ministers, Leaders, Titans at THISDAY Awards: See THISDAY Style Inside…Pages 17-40 Sunday, February 2, 2025 Vol 30. No 10885
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Okonjo-Iweala: Geopolitical Tensions Will Impact on Subsidies, Dispute Settlement Reforms, Others…Page 5
PDP Crises Deepen as Anyanwu Petitions DSS, IG, Says Govs’ Communique an Invitation to Anarchy Chuks Okocha in Abuja The leadership crisis in the Peoples Democratic Party (PDP) has deepened as the party’s embattled National
Secretary, Senator Samuel Anyanwu, has petitioned the Inspector General of Police, Mr. Kayode Egbetokun, and the Director General of the Department of State Services (DSS),
Mr Adeola Oluwatosin Ajayi, claiming that the recent communique of the governors elected on the platform of the party was an invitation to anarchy.
The communique was issued at the end of the governors’ meeting, which took place in Asaba, Delta State on Friday, January 31, 2025. The President of the Court of
Appeal, the Chief Justice of Nigeria (CJN), and the Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC), were equally copied in the petition.
In the petition dated February 1, 2025, Anyanwu insisted that he is still the legitimate national secretary Continued on page 5
Tuggar: Bala Mohammed Creating North-South Divide Says Nigerian govt making contingency plans over Trump’s migration policy Explains delays on posting of ambassadors
Festus Akanbi The war of words between the Bauchi State Governor, Senator Bala Mohammed, and the Minister of Foreign Affairs, Ambassador Yusuf Tuggar, deepened yesterday as the minister accused the governor of promoting North-South divide with the manner he criticised President Bola Tinubu’s Tax Reform Bills. Tuggar also disclosed that the federal government was making contingency plans to deal with any situation arising from the migration policy of the United States President Donald Trump as it affects Nigerians. This is just as he explained the delays in the posting of ambassadors to foreign missions. Speaking on ARISE NEWS Channel, Tuggar said he had no problem with the governor of his home state, Bauchi Continued on page 5
PROMOTING MADE-IN-NIGERIA GARMENTS…
L-R: Wife of Vice President, Hajia Nana Shettima; First Lady, Senator Oluremi Tinubu; Kwara State Governor, AbdulRahman AbdulRazaq; First Lady of Kwara State, Ambassador Olufolake Abdulrazaq; and Managing Director, Kwara State Garment Factory, Hajia Bukola Adedeji; during Mrs Tinubu’s visit to the factory, in Ilorin…recently