CBN sterilises N3.57trn in 3-days as banks park surplus cash at SDF

The Central Bank of Nigeria (CBN) sterilised over N3.57 trillion within three days as deposit money banks parked surplus cash in the CBN’s Standing Deposit Facility (SDF). The SDF is a window where banks warehouse excess cash for an overnight interest rate of about 22.8%, according to FMDQ. An analysis of CBN’s financial data between Tuesday, February 17 and Thursday 19, 2026,

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