Browsing: Money Market

Money Market Rates Soar as Banking Deficit Expands Money market rates remained elevated, reflecting tight liquidity condition in the financial…

Money Market Rates Steady Amidst Widening Banking Deficit Money market rates closed steadied amidst widening deficit in the banking system.…

Money Market Rates Jump as CRR Debit Squeezes System Liquidity Money market rates surge further as outflows for pending cash…

Money Market Rates Increase over Huge Banking Deficit Banking system ended at N1.32 trillion deficit, causing the short term benchmark…

Interbank Rates Climb on Financial System Liquidity Swings Money market rates increased moderately, reflecting a tight liquidity condition in the…

Excess Liquidity Keeps Money Market Rates Steady Money market rates were unchanged as banking system liquidity remained positive. The liquidity…

Liquidity: Bonds Payment Stokes Pressure on Interbank Rates Interbank rates rose as Nigerian bonds auction settlement dragged liquidity in the…

Interbank liquidity worsened further, sinking deeper into negative territory, highlighting the ongoing liquidity crunch in the financial system. Hence, money market rates were further pressured as banks faced a huge liquidity deficit totalling N1.58 trillion, up from N1.064 trillion the previous day.

Money market rates rose due to tight liquidity level in the banking system following huge outflow for OMO bills settlement. Due to increase demand for liqudity, deposit money banks accessed funding from the Central Bank of Nigeria (CBN) standing lending facility (SLF) to access funds.

Interbank Rates Diverge Amidst Huge Liquidity Deficit The short term benchmark interest rates diverged on the back of relatively lower…