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Nigeria’s Banks place N7 trillion excess cash on CBN’s deposit facility

March 13, 2026

Nigeria’s deposit money banks (DMBs) have placed nearly N7 trillion in excess liquidity at the Central Bank of Nigeria’s (CBN) Standing Deposit Facility (SDF) as of March 12, 2026, suggesting a persistence of cash surplus in the banking system. 

The post Nigeria’s Banks place N7 trillion excess cash on CBN’s deposit facility appeared first on Nairametrics.

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