Short-term funding costs in Nigeria’s money market showed divergent trends on Thursday, following the settlement of Nigerian Treasury Bills (NTB) auction conducted midweek. Despite large inflows from matured OMO instruments earlier in the week, the market remained sensitive to liquidity fluctuations. While most Nigerian Interbank Offered Rates (NIBOR) trended upward, the overnight rate (OVN) eased … Continue reading Funding Rates Mixed Following NTB Auction As Interbank Liquidity Holds