The short-term benchmark interest rate fell sharply on Monday as a major inflow from the Federation Account Allocation Committee (FAAC) boosted system liquidity. The injection of funds eased funding pressures across the market, with reduced reliance by deposit money banks on the Central Bank of Nigeria’s standing lending facility. Interbank rates (NIBOR) opened the week … Continue reading Short-Term Rates Drop As FAAC Inflows Boost Liquidity