The Central Bank of Nigeria (CBN) is expected to intensify its liquidity mop-up operations this week to address the build up in excess liquidity in the interbank money market which rose to N1.2 trillion last week.
Financial Vanguard investigations revealed that the volume of excess liquidity in the interbank money market rose by 161 percent to N1.2 trillion last week from N459.7 billion the previous week. The upsurge was triggered by inflow of N528.9 billion from matured treasury bills as well as inflow of N647 billion statutory allocation distributed to the three tiers of government by the Federal Accounts Allocation Committee (FAAC).
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