The liquidity in the Nigerian money market surged by 62.3 per cent to N2.2tn last week, Afrinvest reports.
The investment firm attributed the liquidity boost to banks tapping into funds, which increased by 76.4 per cent week-on-week.
Despite the surge, the open repo rate remained constant at 32.4 per cent, while the overnight rate dropped by 10 basis points to 32.9 per cent.
Afrinvest reported that at the recent primary market auction for…
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