Nigerian Banks Park Trillions at CBN Amidst Excess Liquidity Battle

Despite the Central Bank of Nigeria's tightening measures, the nation's banking sector continues to grapple with surplus cash, depositing a staggering N4.15 trillion with the CBN last week. This persistent excess liquidity poses a significant challenge to monetary policy, indicating banks are overflowing with funds rather than lending them to spur economic growth. The surge in these deposits highlights the ongoing struggle to channel capital effectively within Nigeria's financial system.