Nigeria’s financial system faced tighter liquidity on Thursday following the settlement of Nigerian Treasury bills, pushing short-term interest rates above 32% due to limited inflows. Despite a ₦255 billion injection from FGN bond coupon payments, money market rates remained elevated. The banking system received ₦254.82 billion from bond coupons but was debited ₦503.92 billion, intensifying … Continue reading Liquidity Crunch: Banking Deficit at ₦1.84trn, Rates Surge