Nigerian Banks Face Fresh Liquidity Shift as CBN Pulls N3.31tn in OMO Bills, Putting Bank Lending in Focus
Nigerian banks woke up on October 7 with less idle cash than they had a day earlier. The Central Bank of Nigeria had just allotted N3.309 trillion in Open Market Operations (OMO) bills, and the effect showed up almost at once in the balances lenders keep at the central bank. The question for the weeks … Read more