Money market rates presented a mixed picture as liquidity shortages forced banks to rely on CBN funding support. Liquidity constraints have driven short-term rates in the financial market above 32%, reflecting current market conditions. Data from the FMDQ platform revealed that the Open Repo Rate (OPR) increased by 0.34%, while the Overnight Lending Rate (O/N) … Continue reading Interbank Rates Reflect Liquidity Challenges