CBN Mops Up N12.14trn to Tame Inflation
The Central Bank of Nigeria mopped up 12.14 trillion naira in surplus cash from commercial banking vaults across the country throughout September 2026, mounting an unrelenting liquidity withdrawal to halt runaway consumer price inflation, suppress speculative currency runs, and protect the battered domestic legal tender from another disastrous collapse. Governor Olayemi Cardoso directed this aggressive…