Nigeria's banking system recorded a liquidity surplus of N4.66 trillion last week, according to Punch. The surplus reportedly eased funding pressure across banks and contributed to a lower overnight lending rate, improving conditions within the country's financial system. The development suggests banks had more funds available than needed to meet their obligations during the period, reducing the cost of short-term borrowing between institutions. Further details on the figures and their implications were not provided in the available report.
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