Nigerian Banks Flood CBN with Excess Cash
Nigeria's deposit money banks (DMBs) have deposited over N1.6 trillion into the Central Bank of Nigeria's (CBN) Standing Deposit Facility (SDF).
Between October 14 and 17, 2025, banks consistently parked massive funds at the apex bank, culminating in a robust N1.61 trillion in deposits on Friday, October 17.
- On October 17, banks' placements in the SDF peaked at N1,613,819.61 million (N1.61 trillion).
- On October 15, the figure stood at N1,446,801.35 million (N1.45 trillion).
- On October 14, the figure was N1,476,482.75 million (N1.48 trillion).
As of October 16, 2025, Nigeria's overnight lending rate stood at 24.
No direct quote available in the text.
Author's summary: Nigerian banks deposit over N1.6 trillion in CBN's SDF.
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