Demand deposits rise N29.67tn in May – CBN

Demand deposits have jumped by 206.83 per cent from N9.67tn in May 2019 to N29.67tn this year’s May, according to data from the Central Bank of Nigeria’s website. The data showed that the country’s demand deposits grew by 9.31 per cent between May 2019 and May 2020 to N10.57tn, despite global economic uncertainties caused by