CBN’s N16.9tn liquidity mop-up tightens banks’ cash as N12.4tn inflow looms

The Central Bank of Nigeria intensified its liquidity mop-up operations by withdrawing 16.9 trillion Naira from the banking system in June. This monetary policy action has significantly tightened cash liquidity for commercial banks, even as they anticipate an inflow of 12.4 trillion Naira.