Money market liquidity surges to N2.2tn – Report

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

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