CBN clears over ₦5 trillion in debt as banks slash deposit placements Story by Martha Gwary. The Central Bank of Nigeria (CBN) executed more than ₦5 trillion in debt repayments within a single week—between Friday, 14 November and Friday, 21 November—amid declining bank deposit placements and heightened liquidity volatility across the financial system. Data tracked by Nairametrics during the period show that the apex bank settled ₦3.9 trillion in Open Market Operation (OMO) obligations and an additional ₦1.2 trillion in primary market instruments, even as banks significantly reduced the volume of funds...