Banks’ Borrowing From CBN Falls 89% to ₦126 Billion in August

Nigerian banks’ borrowing from the Central Bank of Nigeria’s Standing Lending Facility fell by 89% to ₦126 billion in August 2026, down from ₦1.19 trillion in July. The decline points to stronger liquidity in the banking system and reduced reliance on the CBN’s short-term lending windows. The facility provides funds to banks at a rate set 500 basis points above the Monetary Policy Rate. Banks’ deposits at the Standing Deposit Facility also slipped slightly to ₦82.99 trillion from ₦83.95 trillion. The CBN kept the Monetary Policy Rate at 26.5%, while improved interbank liquidity could help reduce funding costs for banks, businesses and consumers.

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