Interbank rates have surged significantly due to liquidity pressures from Open Market Operation (OMO) auction settlements, coupled with a lack of fresh inflows in the money market. The Central Bank of Nigeria’s (CBN) recent OMO auction, totaling about ₦1.45 trillion, pushed system liquidity further into deficit, driving a sharp rise in interbank rates. Following Tuesday’s … Continue reading Liquidity Squeeze Pushes Interbank Rates Higher As OMO Auction Settlements Impact Market