2019-07-10 | FMD/DIR/CON/OGC/12/019

Guidelines on Accessing the CBN Standing Deposit Facility

The Central Bank of Nigeria has issued a circular to all banks regarding guidelines for accessing the CBN Standing Deposit Facility. Effective July 11, 2019, banks' daily placements at the SDF are limited to N2 billion, which will be remunerated at the Monetary Policy Committee's prescribed interest rate. Deposits exceeding this amount will not be remunerated.

Nigeria

Central Bank of Nigeria

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