Interbank rates, or short-term benchmark interest rates, showed divergence as ₦600 billion in inflows from Federal Government of Nigeria (FGN) bond maturities and coupon payments helped reduce the overall banking system deficit. The Nigerian Interbank Offered Rate (NIBOR) declined across all tenors, signaling improved liquidity in the banking system, although the balance remained in negative … Continue reading Interbank Rates Vary As Bond Inflows Ease Banking Deficit