CBN

Data from the apex bank showed that balances in its Standing Deposit Facility (SDF) fell to ₦3.76 trillion on October 7, 2026, from ₦4.70 trillion a day earlier.

The Central Bank of Nigeria (CBN) has stepped up efforts to deepen Nigeria’s financial and investment links with Asia through engagements with Singapore’s financial authorities, innovation institutions, investors and market operators.

The findings were contained in the apex bank’s latest Business Expectations Survey, which showed that while firms remained concerned about several aspects of the operating environment, overall business sentiment stayed positive during the month.

The Central Bank of Nigeria’s (CBN) decision to cut the Monetary Policy Rate (MPR) from 26.5 per cent to 23 per cent is a significant development for an economy that has endured an exceptionally tight monetary environment

The Central Bank of Nigeria (CBN) has stressed the urgent need by the banking industry to invest continuously in cybersecurity and data protection.

Nigeria’s banking sector has emerged from its latest recapitalisation exercise with a stronger capital foundation, but the completion of the exercise marks the beginning of another phase of reform rather than the end of the process.

Nigerian banks’ placements with the Central Bank of Nigeria’s Standing Deposit Facility (SDF) rose to N6.28tn on Tuesday, highlighting the substantial liquidity surplus within the banking system.

Muhammad Sani Abdullahi, Deputy Governor, Corporate Services, said 33 banks had met the revised minimum capital requirements and raised N4.65tn by the end of the two-year recapitalisation programme.

The Central Bank of Nigeria’s decision to cut the Monetary Policy Rate (MPR) from 26.5 percent to 23 percent is one of the biggest monetary-policy shifts in recent years.

Nigeria’s financial system is expected to receive approximately ₦2.59 trillion from maturing central-bank bills and government bond interest this week, potentially increasing competition for investments just as savers look for attractive returns.