OVN rises by 250bps as OMO depletes liquidity levels
The overnight lending rate increased by 250 basis points to 7 percent, as liquidity levels in the market declined following the PMA
Rates may trend higher as market expects OMO mop-up this week
IN THE ABSENCE OF CBN’s frequent open market operation (OMO) mop-ups last week, which saw activities in the money market largely