CBN Infuses N3.81 Trillion into Banking System Liquidity

On September 15 and 16, 2026, the Central Bank of Nigeria (CBN) repaid a combined N3.81 trillion into the banking system, which boosted banking system liquidity by 131% to N4.891 trillion as of September 16. The repayments included N3.056 trillion from Open Market Operations (OMO) on September 15 and N748.64 billion in primary-market repayments on September 16.

Despite banks starting September 16 with balances of N251.25 billion, a decrease from N364.78 billion on September 15, the primary-market repayment was significantly smaller than the liquidity parked at the Standing Deposit Facility (SDF). The cumulative repayments align with liquidity inflows projected by the Financial Markets Dealers Association (FMDA), which estimated total liquidity inflows of N3.56 trillion for the week, marking an 18.2% increase from the previous week.

The OMO and T-bills maturities accounted for about 98.6% of the total inflow estimate, with no FGN bond maturities or corporate bond maturities projected for that week.