Ample liquidity in the Nigerian banking system helped anchor funding rates despite significant outflows from the recent settlement of the Federal Government’s Sukuk issuance. As at the close of trading, money market rates moved in mixed directions, buoyed by an estimated N1.6 trillion in net system liquidity. According to a market update, financial system liquidity … Continue reading Mixed Funding Rates As System Liquidity Hits N1.6 Trillion