Banking System Liquidity Falls N930bn, Overnight Rate Rises
The Central Bank of Nigeria (CBN) has said liquidity in the banking system fell by N930 billion to N3.66 trillion when compared to N6.81 trillion recorded on August 11. The
The Central Bank of Nigeria reported that the country's banking system liquidity fell by N930 billion, reaching N3.66 trillion. This decline was attributed to the settlement of Treasury Bills auctions. The overnight lending rate increased by two basis points to 22.20 percent, while the Open Buy Back rate remained at 22.00 percent. The CBN continues to manage liquidity through operations such as Open Market Operations and Treasury Bills auctions.
Written by urgent.news from This Day's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
