The Nigerian financial markets are witnessing a notable liquidity crunch following the Central Bank of Nigeria’s (CBN) recent foreign exchange (FX) intervention settlements. This has pushed benchmark short-term interest rates to the brink of 29%, reflecting tightened conditions across the money market. As commercial banks experience a scarcity of funds due to the lack of … Continue reading Liquidity Tightens In Nigeria’s Financial Markets As CBN FX Settlements Trigger Rate Surge