Nigeria: Why Banks Cut CBN Deposits By N942bn in One Day
[Daily Trust] Banks sharply reduced their overnight deposits with the Central Bank of Nigeria (CBN) through the Standing Deposit Facility (SDF) by N941.85 billion in one day, as the apex bank continued to withdraw excess liquidity from the financial system through Open Market Operations (OMO).
By abdullateef aliyuMozambique
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[Daily Trust] Banks sharply reduced their overnight deposits with the Central Bank of Nigeria (CBN) through the Standing Deposit Facility (SDF) by N941.85 billion in one day, as the apex bank continued to withdraw excess liquidity from the financial system through Open Market Operations (OMO).
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About this article
- Length
- 45 words · 1 min read
- Published
- October 8, 2026
- Byline
- abdullateef aliyu
- Source
- AllAfrica Mozambique