Financial markets across the country closed on Monday and Tuesday this week to commemorate the Eid-el-Kabir holiday.

Meanwhile, at the equities market last week, the Nigerian equities market finished bearish, with the all share index tumbling by 0.65 percent, to 27,577.52.

Total volume traded increased by 6.08 percent to 1.18 billion shares, valued at 10.3 billion Naira, and traded in 16,522 deals.

At the average, Interbank rate climbed by 237 basis points this week, to close at 20.29%.

The CBN conducted multiple OMO auctions totalling, 246 billion Naira, which nearly matched inflows of 293 billion Naira, from maturing OMO bills.

Analysts expect rates to continue to tighten, with no major inflows set to come in, this week. (Channels TV)