Banks’ web placements on the Central Financial institution of Nigeria’s (CBN) Status Deposit Facility (SDF) rose above N6 trillion following a N2.41 trillion Open Marketplace Operations (OMO) reimbursement, with deposits last above that degree for 3 consecutive days of the week ended Friday, October 16, 2026.
This is according to the CBN’s daily banking system liquidity reports covering October 13 to 16, 2026, which recorded a pointy building up in SDF task instantly after the securities reimbursement, which launched money into the banking gadget.
Internet SDF task climbed from roughly N3.86 trillion on October 13 to N6.08 trillion on October 16, representing an building up of N2.22 trillion, or 57.65%, over the four-day length.
SDF Placements go N6 trillion:
The CBN recorded OMO repayments totalling N2.408 trillion on October 13, representing the most important securities reimbursement all the way through the length. It was once additionally the one OMO reimbursement recorded around the 4 days, with out a new OMO gross sales reported.
- The rise in banks’ deposit placements turned into glaring on October 14, when web SDF task rose via roughly N2.21 trillion, or 57.18%, to N6.065 trillion.
- Internet SDF task stood at roughly N3.86 trillion on October 13, earlier than the pointy building up recorded the next day to come.
- Placements larger to N6.065 trillion on October 14, identical to a upward push of about 91.6% of the day before today’s OMO reimbursement.
- SDF task declined marginally via N20.76 billion to N6.044 trillion on October 15.
Deposits therefore larger via N38.70 billion to N6.083 trillion on October 16, the perfect studying within the four-day collection.
The figures display that banks maintained increased placements on the CBN after the preliminary building up, reasonably than taking flight the finances instantly, suggesting that the OMO maturities could have prompted placements within the SDF.
Treasury Invoice gross sales soak up restricted liquidity:
Executive securities gross sales absorbed best a part of the liquidity launched via OMO repayments all the way through the length. The CBN reported primary-market securities gross sales of N269.06 billion, all recorded on October 15.
- The quantity is precisely equivalent to the allotment from the October 14 Treasury bill auction, when subscriptions reached roughly N1.032 trillion, however the DMO allocated best N269.06 billion rejecting roughly 74% of overall subscriptions.
- Number one-market securities gross sales totalled N269.06 billion all the way through the four-day length.
- Number one-market repayments amounted to N109.96 billion, lowering web absorption from the ones transactions to N159.10 billion.
- OMO repayments totalled N2.408 trillion, with out a corresponding new OMO gross sales reported.
- Combining the recorded OMO and primary-market transactions produced a web securities-related liquidity unencumber of roughly N2.25 trillion.
The figures point out that new Treasury invoice gross sales offset just a slightly small portion of the liquidity launched via maturing securities.
Even if the October 14 public sale attracted subscriptions exceeding N1 trillion, bids that weren’t allocated didn’t lead to identical money withdrawals from the banking gadget.
In consequence, the amount of investor call for was once considerably upper than the quantity absorbed throughout the public sale.
The web securities-related unencumber of roughly N2.25 trillion was once with regards to the N2.22 trillion building up in SDF task, however the similarity does now not identify that the similar finances moved between the 2 accounts.
Banks deal with increased CBN deposits:
Banks’ opening balances modified best marginally over the 4 days in spite of the really extensive securities repayments and larger SDF placements. Opening balances rose from N195.08 billion on October 13 to N234.89 billion on October 14 earlier than declining to N198.32 billion via October 16.
The entire building up in opening balances was once roughly N3.24 billion, or 1.66%, when compared with the a lot higher motion recorded in SDF task.
- Opening balances stood at N199.41 billion on October 15 earlier than easing to N198.32 billion on October 16.
- Internet SDF task remained above N6 trillion from October 14 via October 16.
- The Status Deposit Facility lets in banks to put surplus finances with the CBN and earn hobby, making it one of the most apex financial institution’s equipment for managing momentary liquidity.
The combo of considerable SDF placements with none reported borrowing from the lending window (SLF) means that banks had been striking finances reasonably than drawing at the CBN for momentary financing.