CBN's Liquidity Blitz: N5.21 Trillion Injection, FX Market Freeze, and Discount Window Reform

The Central Bank of Nigeria flooded the banking system with N5.21 trillion in net liquidity over the past week, a massive pre-auction warm-up ahead of today's N700 billion Nigerian Treasury Bills (NTB) sale.

Watch List

• NTB Auction Today: The CBN aims to raise N700 billion following the cancellation of a similar offer last week, with analysts expecting heavy oversubscription.
• FX Market Thinning: Foreign exchange turnover on the NFEM crashed to...