The Central Bank of Nigeria (CBN) has said that deposit from federal and state government, financial institutions, among others rise to N15 trillion in June from N13.7 trillion in April
The breakdown revealed that Federal and state government deposits dropped by 33.2 per cent to N1.08 trillion in June from N1.62 trillion reported in April.
The Statement of Assets & Liabilities captured from the CBN’s website did not cover the month of May.
According to the data by CBN, financial institutions deposits also dropped by 6.3 per cent to N3.26 trillion from N3.48 trillion while Other deposits significantly rose by 24 per cent from N8.6 trillion in May to N10.69 trillion in June.
The data revealed that other liabilities with CBN closed June at N2.37 trillion, 10.2 per cent above N2.15 trillion recorded as at May.
In all, the data by CBN disclosed that total assets, a combination of equity & liabilities, total deposits and Other Liabilities increased to N19.6 trillion in June from N18 trillion in May.
Total assets according to CBN in March stood at N18.28 trillion.
Furthermore, the data collected from CBN showed that Federal Government Securities stood at N2.37 trillion from N2.3 trillion and N2.2 trillion in April and March respectively.
The apex bank in its economic report for May said total deposits at the CBN declined by 1.2 per cent to N11.5 trillion at the end of May 2017, as a result of the fall in both Federal Government and banks’ deposits, which more than offset the increase in private sector deposit with the CBN.
