Banks jittery over low cash inflow

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...towards a better life for the people VOL. 25: NO. 62475

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THURSDAY, AUGUST 20, 2015

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Banks jittery over low cash inflow •Banks' treasurers, LCCI worry over Treasury Single Account •Cash inflow shrinks from N613bn in July to N440bn in August

By Emeka Anaeto, Economy Editor

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AGOS—THERE were indications that public sector funds component of banks’ deposit base may have started to shrink, raising fears that it will affect the nation's economy. This is as the overall cash inflow from the system in the month of August, so far, is about N440 billion compared to about N613 billion in the corresponding period of last month. Though some bank treasurers are worried over the implementation of the Treasury Single Account (TSA) which will remove public sector

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Mr & Mrs VISIT—From left: Vice-President, Alumni Association of the National Institute for Policy and Strategic Studies (AANI), Dr Garba Tetangi; a member of the association, Alhaji Ismaila Isa Funtua; President of AANI, Maj.-Gen. Lawrence Onoja (Ret), and Vice-President Yemi Osinbajo, during a courtesy call on Osinbajo at the Presidential Villa, Abuja, yesterday. Photo: NAN.

COLUMNISTS: Alhaji Zannah Examinations and Umar Mustapha, Junaidu, the •P.19 WAEC's misplaced 1966-2015•P.17 'hate' evangelist aggression •P.19

OONI:

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