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Overnight lending rate eases as bank liquidity rises
['Boluwatife Oshadiya', 'Boluwatife Oshadiya Is A Nigerian Journalist', 'Communications Professional At Bizwatch Nigeria', 'Where He Contributes To Editorial Leadership', 'Business Reporting. His Coverage Focuses On Capital Markets', 'Banking', 'Finance', 'The Broader Business', 'Economic Landscape', 'Delivering Data-Driven Analysis']
BizWatchNigeria.Ng
By Boluwatife Oshadiya| August 11, 2026Key PointsOvernight lending rate declines one basis point to 22.09% as system liquidity risesBanking-system liquidity opens at ₦4.32 trillion, up ₦27.89 billion from FridayBanks’ ₦4.09 trillion placement lifts Standing Deposit Facility balances to ₦4.35 trillionMain StoryNigeria’s overnight lending rate eased slightly on Monday as increased bank placements pushed financial-system liquidity higher despite the absence of an open market operation by the Central Bank of Nigeria (CBN).
Investment banking analysts reported that system liquidity opened at a credit balance of ₦4.32 trillion, an increase of ₦27.89 billion from Friday’s closing level.
FMDQ money-market data showed the Open Buyback rate remained unchanged at 22%, while the overnight lending rate declined one basis point to 22.09%.
The movement came despite expectations of an open market operation from the CBN amid the elevated liquidity position.
What’s Being SaidMoney-market analysts said the increase in system liquidity was driven primarily by bank placements and contributed to the marginal decline in the overnight lending rate.