Browsing: Money Market

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…

Interbank Rates Spike over Liquidity Squeeze in Banking System The banking system slipped into deficit as huge OMO auction settlements…

Money Market Rates Ease as System Liquidity Climbs to N810bn Money market or funding rates fell further as liquidity levels…

Funding Rates Rise as T-Bills Auction Debit Squeezed Liquidity The money market funding rates heightened as outflows relating to Nigerian…

Banks borrowed about N4 trillion from the Central Bank of Nigeria’s (CBN) standing lending facility to close

Money Market Rates Increase as Liquidity Deficit Expands Money market rates increased strongly as the liquidity deficit expanded following the…

Interbank Rates Ease as Remita, OMO Inflows Boost Liquidity Interbank rates slid as liquidity balance in the finance system improved,…

Liquidity: Interbank Rates Decline in Absence of Funding Pressure In the money market, liquidity levels declined despite a significant outflow…