Interest rates in the interbank market increased as the settlement of OMO bills reduced liquidity in the financial system. This resulted in a significant rise in short-term lending rates, with analysts predicting continued pressure in the coming days. The Nigerian Interbank Offered Rate (NIBOR) declined across most tenors, except for the overnight lending rate, which … Continue reading Interbank Rates Increase As Liquidity Tightens Due To OMO Bill Payments