CBN Liquidity Operations Put Nigerian Banks’ Cash Positions Under the Spotlight as OMO Auctions Absorb Excess Liquidity
CBN Liquidity Operations Put Nigerian Banks’ Cash Positions Under the Spotlight as OMO Auctions Absorb Excess Liquidity Nigerian banks are holding a very large amount of spare naira, and the Central Bank of Nigeria is working almost weekly to take a share of it. Central bank data through October 7 shows the pattern clearly. Lenders … Read more