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Banks Deposit with CBN Slumps to N92.32trn on MPR Cut
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Banks Deposit with CBN Slumps to N92.32trn on MPR Cut
The Central Bank of Nigeria has reduced the Monetary Policy Rate to 26.50%, leading to a decline in banks' deposits to N92.32 trillion. This change reflects the ongoing adjustments in Nigeria's monetary policy landscape.
BF
The Briefing Africa
May 4, 2026 · 02:14 · 5 min read
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The Central Bank of Nigeria has reduced the Monetary Policy Rate to 26.50%, leading to a decline in banks' deposits to N92.32 trillion. This change reflects the ongoing adjustments in Nigeria's monetary policy landscape.
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The reduction in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria aims to stimulate economic activity, but it has also resulted in a notable decrease in bank deposits, indicating potential shifts in liquidity and lending behaviors among financial institutions.