Short-term interest rates in Nigeria’s money market edged higher during the past week, reflecting a deepening liquidity squeeze in the financial system, largely attributed to substantial withdrawals through the Central Bank of Nigeria’s standing deposit facility. According to a market update by Afrinvest Limited, commercial banks collectively withdrew N1.4 trillion from the CBN’s standing deposit … Continue reading Liquidity Crunch Pushes Interbank Rates Higher As Banks Withdraw N1.4trn From CBN