The Nigerian money market experienced tightened liquidity conditions last week, driven by substantial outflows linked to the Central Bank of Nigeria’s (CBN) auction settlements and cash reserve maintenance. After beginning the week with an opening balance of ₦398.31 billion in the financial system, liquidity rapidly dwindled due to auction-related outflows, leading to a closing deficit … Continue reading Tight Liquidity Pressures Drive Up Money Market Rates Amid Heavy Outflows