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Cost of funds to decline as N330bn boost interbank liquidity

Cost of funds in the interbank money market is expected to fall this week in response to inflow of N330 billion from maturing treasury bills (TBs).
Cost of funds rose sharply last week following outflow of funds for retail foreign exchange auction and N100 billion commitment to the secondary market (Open Market Operation, OMO) TBs conducted by the Central Bank of Nigeria (CBN) in the previous week.

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