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Banks’ CBN deposits rise above N6 trillion after N2.4 trillion OMO repayment

Banks’ net placements at the Central Bank of Nigeria's (CBN) Standing Deposit Facility (SDF) rose above N6 trillion following a N2.41 trillion Open Market Operations (OMO) repayment, with deposits remaining above that level for three consecutive days of the week ended Friday, October 16, 2026. The post Banks’ CBN…

NairametricsBy Kelechi Mgboji
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Banks’ CBN deposits rise above N6 trillion after N2.4 trillion OMO repayment
AFBR headline illustration · not a photograph of the event

Africa Business Review aggregates and summarises reporting from trusted publishers. The full article is published by Nairametrics.

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Original headline: “Banks’ CBN deposits rise above N6 trillion after N2.4 trillion OMO repayment”

  • Banking
  • Financial Services
  • Sectors
  • CBN
  • CBN Standing Deposit Facility
  • Open Market Operations