{"id":102138,"date":"2023-11-26T19:53:28","date_gmt":"2023-11-26T18:53:28","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/excess-liquidity-in-banking-sector-reduced-to-under-n100bn-in-november-cbn"},"modified":"2023-11-26T22:19:21","modified_gmt":"2023-11-26T21:19:21","slug":"excess-liquidity-in-banking-sector-reduced-to-under-n100bn-in-november-cbn","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/excess-liquidity-in-banking-sector-reduced-to-under-n100bn-in-november-cbn","title":{"rendered":"Excess Liquidity in banking sector reduced to under N100bn in November \u2013 CBN"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Central Bank of Nigeria said Liquidity in the entire banking sector was reduced to under N100 billion in November 2023.<\/p>\n<p>The CBN Governor, Olayemi Cardoso, disclosed this on Friday during his remark at the 58th Bankers Dinner of the Chartered Institute of Bankers of Nigeria in Lagos.<\/p>\n<p>He said Sustained Cash Reserves Requirement recorded debits that moderated Liquidity in September and October 2023.<\/p>\n<p>According to him, measures by the apex bank have reduced excess Liquidity in the banking system and significantly increased the Overnight Bank Borrowing rate consistent with the monetary policy program.<\/p>\n<p>\u201cSustained Cash Reserve Requirement debits have moderated Liquidity in September and October 2023. Liquidity in the entire banking sector has been significantly reduced to under N100 billion in November. Inauguration of a new liquidity management committee within the Bank that meets daily at 8 a.m. to assess liquidity conditions and ensure optimal levels. These measures have already started to yield results, as excess Liquidity in the banking system has significantly reduced and the Overnight Bank Borrowing rate has increased to a level consistent with the monetary policy program\u201d, he said.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Central Bank of Nigeria said Liquidity in the entire banking sector was reduced to under N100 billion in November 2023. The CBN Governor, Olayemi Cardoso, disclosed this on Friday during his remark at the 58th Bankers Dinner of the Chartered Institute of Bankers of Nigeria in Lagos. He said Sustained Cash [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":102136,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,503,254],"class_list":["post-102138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-cbn","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Excess Liquidity in banking sector reduced to under N100bn in November \u2013 CBN - Nigeria<\/title>\n<meta name=\"description\" content=\"The Central Bank of Nigeria said Liquidity in the entire banking sector was reduced to under N100 billion in November 20 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/excess-liquidity-in-banking-sector-reduced-to-under-n100bn-in-november-cbn\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Excess Liquidity in banking sector reduced to under N100bn in November \u2013 CBN\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Nigeria said Liquidity in the entire banking sector was reduced to under N100 billion in November 20 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/excess-liquidity-in-banking-sector-reduced-to-under-n100bn-in-november-cbn\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-26T18:53:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-26T21:19:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/11\/sm_1701017082.988127.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/excess-liquidity-in-banking-sector-reduced-to-under-n100bn-in-november-cbn#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/excess-liquidity-in-banking-sector-reduced-to-under-n100bn-in-november-cbn\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Excess Liquidity in banking sector reduced to under N100bn in November \u2013 CBN\",\"datePublished\":\"2023-11-26T18:53:28+00:00\",\"dateModified\":\"2023-11-26T21:19:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/excess-liquidity-in-banking-sector-reduced-to-under-n100bn-in-november-cbn\"},\"wordCount\":206,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/excess-liquidity-in-banking-sector-reduced-to-under-n100bn-in-november-cbn#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/11\/sm_1701017082.988127.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"CBN\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/excess-liquidity-in-banking-sector-reduced-to-under-n100bn-in-november-cbn#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/excess-liquidity-in-banking-sector-reduced-to-under-n100bn-in-november-cbn\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/excess-liquidity-in-banking-sector-reduced-to-under-n100bn-in-november-cbn\",\"name\":\"Excess Liquidity in banking sector reduced to under N100bn in November \u2013 CBN - 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