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Chart of the day: Effect of TSA on Bank Deposits

Nairametrics| The Federal Government Under President Buhari introduced the Treasury Single Account in the final quarter of 2015. Since then FG deposits with commercial banks have plunged to record levels. The chart below shows FG deposits with banks since 2012.   [visualizer id=”97953″]   Other News Stanbic IBTC PMI: Nigeria’s private sector expands for fifth […]

Chart of the day: Effect of TSA on Bank Deposits
Financial Data

Nairametrics| The Federal Government Under President Buhari introduced the Treasury Single Account in the final quarter of 2015. Since then FG deposits with commercial banks have plunged to record levels. The chart below shows FG deposits with banks since 2012.

 

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From a high of about N4.9 trillion in February 2015, it has now dropped to an average of N70 billion per month.





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