{
  "id": 16401790,
  "title": "CBN defends 75% reserve requirement on public deposits",
  "url": "https://urgent.news/2026/10/25/cbn-defends-75-reserve-requirement-on-public-deposits-16401790",
  "topic": "world",
  "section": "World",
  "published": "2026-10-25T00:58:51.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/cbn-defends-75-reserve-requirement-on-public-deposits/"
  },
  "original_language": "en",
  "account": "The Central Bank of Nigeria (CBN) defended its decision to impose a 75% Cash Reserve Ratio (CRR) on non-Treasury Single Account public sector deposits, stating it as part of efforts to manage liquidity and curb inflationary pressures in the economy. This policy was introduced during the CBN's 302nd Monetary Policy Committee meeting on September 22 and 23, 2025. Speaking at the CBN Listens Programme in Ibadan, Director of Stakeholder Engagement and Institutional Relations, Hakama Sidi-Ali, explained the rationale behind the measure. She emphasized that the CBN's aim was to improve liquidity management and mitigate inflationary pressures in the economy. The 75% CRR dictates that banks must keep a larger portion of their customer deposits with the central bank, rather than deploying them for lending or other activities. This policy restricts excess liquidity in the banking system and strengthens the transmission of monetary policy. Sidi-Ali highlighted that under Governor Olayemi Cardoso, the CBN has been implementing various reforms to restore macroeconomic stability, strengthen financial markets, and improve confidence in the economy. She mentioned several initiatives, including the banking sector recapitalisation programme, which has strengthened banks' capital adequacy and resilience, and the introduction of the Non-Resident Bank Verification Number to enhance banking access for Nigerians in the diaspora. Additionally, she discussed the Nigeria Payments System Vision 2028 and the development of the Nigerian Overnight Financing Rate as market-based benchmarks for short-term funding transactions. Sidi-Ali also stressed the bank's commitment to financial inclusion, working with financial institutions, fintech companies, mobile money operators, development partners, and state governments to expand financial services to underserved communities. She emphasized that wider access to financial services is crucial for supporting entrepreneurship, reducing poverty, and creating economic opportunities.",
  "summary": "The Central Bank of Nigeria has defended its 75% Cash Reserve Ratio on public deposits, stating it’s a measure to manage liquidity and curb inflation. Read More: https://punchng.com/cbn-defends-75-reserve-requirement-on-public-deposits/",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}