Scarcity of funds in the interbank money market worsens.
The scarcity of funds in the interbank money market worsened last week following a sharp decline of 72 per cent in market liquidity to N56.3 billion. Financial Vanguard analysis of data from the Central Bank of Nigeria, CBN, showed that the amount of liquidity (Opening balance) dropped to N56.3 billion on Friday last … [Read more…]