Market illiquidity persists as banks borrow N1.53trn from CBN

Tribune OnlineMarket illiquidity persists as banks borrow N1.53trn from CBNIn the absence of significant inflows last week, market liquidity faced a deficit, compelling Deposit Money Banks (DMBs) to borrow N1.53 trillion from the Central Bank of Nigeria (CBN) through the Standing Lending Facility (SLF). Consequently, interbank rates surged, with the Open Repo Rate (OPR) and the Overnight rate (O/N) increasing by 3264 basis points [...]Market illiquidity persists as banks borrow N1.53trn from CBNTribune Online

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