Nigeria’s short-term interest rates held steady on Thursday, as coupon payments eased liquidity pressure in the banking system despite large-scale open market operations (OMO) conducted by the Central Bank of Nigeria (CBN). Liquidity in the financial system closed at ₦390.89 billion, representing a decline of ₦624.68 billion following the apex bank’s liquidity mop-up. The CBN … Continue reading Excess Liquidity Keeps Nigerian Interest Rates Stable Despite CBN OMO Auction