CBN Sees Record Bank Deposits Following Interest Rate Reduction

Story: written by Okafor Joseph September 25,2025
The Central Bank of Nigeria (CBN) has reported an unprecedented surge in commercial bank deposits after its recent decision to slash interest rates.

According to financial analysts, the move—aimed at stimulating liquidity in the economy—has triggered a wave of inflows into the banking sector, marking one of the strongest deposit levels in recent years.

Industry experts attribute the development to investor confidence in the CBN’s monetary policy stance, noting that the rate cut has encouraged both corporate and retail customers to increase savings and reposition funds within the formal banking system.

Economists also believe the rise in deposits could enhance lending capacity for banks, providing fresh opportunities for businesses and individuals to access credit at more competitive rates.

The CBN, however, has assured that it will continue to monitor the market closely to ensure that the boost in liquidity translates into sustainable economic growth.