Nigeria's cash reserve requirement: merchant banks stood at 16.00% in 22 September 2026, unchanged from 21 July 2026. Since 26 March 2024 it has risen from 14.00%.
Cash reserve requirement: merchant banks
| Period | Cash reserve requirement: merchant banks |
|---|
| 22 September 2026 | 16.00% |
| 21 July 2026 | 16.00% |
| 20 May 2026 | 16.00% |
| 24 February 2026 | 16.00% |
| 25 November 2025 | 16.00% |
| 23 September 2025 | 16.00% |
| 22 July 2025 | 16.00% |
| 20 May 2025 | 16.00% |
| 20 February 2025 | 16.00% |
| 24 September 2024 | 16.00% |
| 23 July 2024 | 14.00% |
| 21 May 2024 | 14.00% |
| 26 March 2024 | 14.00% |
Source: Central Bank of Nigeria (CBN)
