Nigeria’s short-term benchmark interest rates tightened last week as strong liquidity conditions in the financial system continued to ease funding costs, limiting the pressure on banks. With minimal borrowing needs across the market, several cash-heavy lenders opted to sterilize excess cash by channeling more funds into placements with the Central Bank of Nigeria’s (CBN) deposit … Continue reading Banks Increase Placements With CBN As Liquidity Surges And Rates Tighten