fbpx Karrueche Tran | The Beat 99.9 FM

Banks face massive decline in public sector cash flow in July

Public sector funds inflow to the financial system is expected at about N941 billion this month, a massive N265 billion or 22 per cent decline from the figure of N1.21 trillion actual inflow recorded last month.
The development will portend a significant liquidity tightening in the money market signaling increase in interest rates amidst expected rise in yields in government securities.