The cost of borrowing money in the interbank market experienced a significant drop, falling below 28% across various tenors, driven by an oversupply of funds within the financial ecosystem. This surge in liquidity was primarily fueled by the maturity of Nigerian Treasury bills and the disbursement of Federal Government (FGN) bond coupon payments. Previously, interbank … Continue reading Interest Rates Drops Below 28% Amidst Abundant Liquidity In Banking Sector