Home Procurement NewsDecline in liquidity keeps banks’ average opening position at N309.57 billion mid-November

Decline in liquidity keeps banks’ average opening position at N309.57 billion mid-November

December 4, 2023•

Tribune Online
Decline in liquidity keeps banks’ average opening position at N309.57 billion mid-November

Nigerian Banks’ average opening position averaged N309.57 billion in the first half of November, 50.29 percent lower than the average of N622.71 billion in the first half of October. Industry data shows that throughout the review period, there was only one Open Market Operation (OMO) sales worth N77.2 billion. Analysts from Financial Derivatives Company (FDC) […]

Decline in liquidity keeps banks’ average opening position at N309.57 billion mid-November
Tribune Online

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Last modified: December 4, 2023

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