Short-Term Rates Diverge As OMO Inflows Boost Money Market Liquidity

Nigeria’s short-term benchmark interest rates closed Tuesday’s trading session on a mixed note, as significant liquidity inflows from matured Open Market Operations (OMO) bills strengthened cash levels in the financial system. Data from AIICO Capital Limited showed that system liquidity opened at about ₦2.2 trillion, despite the Central Bank of Nigeria (CBN)’s recent liquidity mop-up … Continue reading Short-Term Rates Diverge As OMO Inflows Boost Money Market Liquidity