The Central Bank of Nigeria has recorded N3.17tn deposits from 11 commercial banks in nine months between January and September 2019.
This is according to Data obtained from the financial statements of the commercial banks listed on the Nigerian Stock Exchange.
The amount, which is based on qualified assets, is determined by the CBN from time to time and for the purpose of statement of cash flows and the balance is excluded from the cash and cash equivalents.
The banks are Access Bank, Ecobank, Fidelity Bank Plc, First City Monument Bank Plc and FBN Holdings.
Others are Guaranty Trust Bank Plc, Stanbic IBTC, Sterling Bank and Unity Bank Plc.