Nigeria’s money market experienced heightened volatility last week as the Nigerian Interbank Offered Rate (NIBOR) rose across tenors, following large-scale liquidity withdrawals triggered by the Central Bank of Nigeria’s (CBN) monetary operations. The increase in benchmark interbank rates came amid aggressive Open Market Operations (OMO) by the apex bank, which auctioned and settled significant volumes … Continue reading NIBOR Rises Sharply As CBN Liquidity Operations Tighten Money Market Conditions