Chinese Timber Cartel Plunder Zambian Forests; Liquidity Surge as Nigerian OMO Bills Patronage Falls; Tesco Wants to Sell-off

Chinese Timber Cartel Plunder Zambian Forests; Liquidity Surge as Nigerian OMO Bills Patronage Falls; Tesco Wants to Sell-off

0 0 hace 11 meses
The volume of excess liquidity in the interbank money market is set to surpass the N1 trillion mark this week, aggravated by declining patronage for secondary market (Open Market Operations, OMO) treasury bills.
Last week, the market closed with excess liquidity of N888.5 billion following decline in patronage of OMO bills which blunted efforts by the Central Bank of Nigeria (CBN) to mop up inflow of N344.9 billion from OMO bills which matured during the week.
Meanwhile, the upsurge in ... Más informaciones

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