Key points Nigeria’s overnight funding market recorded N97.45 trillion in transactions in June, the highest monthly turnover in the review period. Market volume jumped 42.6% to N96.36 trillion in May before rising a further 1.1% in June. Despite the surge in transactions, the Nigerian Overnight Financing Rate remained at exactly 22% on 59 of 62 … Continue reading Nigeria’s funding market nears N100trn as borrowing rate stays locked at 22%