Banking Liquidity Rises to N1.94trn as Interbank Rates Fall
Nigeria’s money market came under less funding pressure on Wednesday as a substantial build-up in banking system liquidity pushed interbank borrowing costs lower.
System liquidity rose by 35.53 per cent to N7.40tn during the session, representing an...
Interbank Rates To Ease Further On N822.08bn Boost In Financial System Liquidity
There are indications that interbank rates will ease further this week amid anticipated boost in financial system liquidity, as treasury bills worth N822.08billion will mature via Open Market Operation (OMO).
“We expect the market...
The naira closed firmer on the interbank market on Monday after the Central Bank of Nigeria sold dollars to some commercial banks towards the end of a trading session that featured no trades in the first four hours, traders said.
The naira closed at 305.50...