{
  "id": 5894527,
  "title": "Report: Banks’ Deposits with CBN Declined 1.14% to N82.99tn in August",
  "url": "https://urgent.news/2026/09/06/report-banks-deposits-with-cbn-declined-1-14-to-n82-99tn-in-august",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-06T03:04:20.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/09/06/report-banks-deposits-with-cbn-declined-1-14-to-n82-99tn-in-august/"
  },
  "original_language": "en",
  "account": "Nigeria's banks deposited 1.14% fewer funds with the Central Bank of Nigeria (CBN) in August 2026, according to data released by the apex bank. The total deposits fell to N82.99 trillion, down from N83.96 trillion in July. This is the third-lowest monthly SDF placement by banks so far in 2026. The reduction in deposits was attributed to a decrease in the Monetary Policy Rate (MPR) to 26.50% in February 2026 from 27% in 2025. Analysts noted that banks were depositing excess liquidity with the CBN through the Standing Deposit Facility (SDF) to earn interest on overnight deposits.",
  "summary": "Kayode Tokede Nigerian banks’ deposits with the Central Bank of Nigeria (CBN) declined by 1.14 per cent month-on-month to N82.99 trillion in August 2026, from N83.96 trillion recorded in July,",
  "key_points": [
    "Banks deposited 1.14% fewer funds with CBN in August 2026",
    "Total deposits fell to N82.99 trillion, down from N83.96 trillion in July",
    "Reduction attributed to decrease in Monetary Policy Rate to 26.50%"
  ],
  "editors_take": "The decline in banks' deposits with the CBN indicates that reduced interest rates are altering banks' liquidity management strategies, likely affecting their profitability and the central bank's control over monetary policy.",
  "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."
}