Browsing: Rates

Money market rates rose sharply due to a strained liquidity level after a huge OMO auction debit against the balance in the financial system. The Nigerian interbank offered rate (NIBOR) rose across all maturities, indicating tight liquidity in the banking system

Interbank Rates Crash over Banks Excess Liquidity Interbank rates plunged significantly as pressure on the money market continued to ease…

Money Market Rates Climb over Negative Liquidity Balance Money market rates climbed on the back of a deficit liquidity balance…

Interbank rates heated up due to sustained weakness in the liquidity balance in the financial markets.

Interbank Rates Diverge as Market Struggles with Liquidity Interbank rates diverged in the money market as a weak funding profile…

The pressure in the money market worsened in the absence of significant inflows from maturing instruments

Money market rates diverge on the back of a significant decline in liquidity balance in the financial system following Central Bank of Nigeria (CBN) monetary policy action.

Interbank Rates Mixed as Outflow for FGN Bond Reduces Liquidity The interbank rates diverged in the money market due to…

Interbank Rates Rise as Banks Borrow to Close Funding Gap The short-term interest rates climbed further in the money market…

Interbank rates crossed the 31% benchmark as the liquidity level in the financial system remains in negative territory.  Due to a weak funding profile in the financial system, money market rates have remained elevated.