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Banks Deposit N77.19tn with CBN in 19 Days as Rate Drops to 20%

Kayode Tokede Following the push for overnight interest and safe haven for excess liquidity, Nigerian banks in 19 days of business activities for the months of September 2026 deposited an estimated

  • Nigerian banks deposited N77.19tn with CBN in 19 days via SDF
  • Monetary Policy Rate dropped to 20% in September 2026
  • CBN lent banks N920bn during same period

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