Money Market Fall As OMO, FGN Payments Ease Liquidity Pressure

Money market rates fell as the financial system’s liquidity balance increased, ending in positive territory on Friday. According to investment banking documents, the spike was driven by inflows from matured government borrowing securities. These include inflows from matured un-refinance OMO bills and coupon payments made by the FGN on bonds, as well as additional inflows … Continue reading Money Market Fall As OMO, FGN Payments Ease Liquidity Pressure