Short-term benchmark interest rates climbed on Monday, as liquidity in the Nigerian financial system tightened due to foreign exchange (FX) sales by the Central Bank of Nigeria (CBN). The Nigerian Interbank Offered Rate (NIBOR) increased across all tenors, reflecting the impact of reduced system liquidity. Despite this, major money market indicators such as the open … Continue reading Money Market Rates Climb Amid Liquidity Pressure From FX Sales