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Nigeria Banks Hoard Cash at CBN

Nigerian Banks Park N8.31 Trillion at CBN Amid Tight Liquidity Conditions

Unverified — auto-generated summary, not yet reviewedFintech & PaymentsNigeriaNov 8, 2026

Nigerian banks have parked N8.31 trillion at the Central Bank even as the CBN conducted a N724 billion open market operations mop-up, signalling persistently tight liquidity conditions. The surplus reserve behaviour points to elevated funding costs that directly affect startup and fintech capital access in Africa's largest economy.

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