Nigeria, June 2 -- As the Central Bank of Nigeria aims to control excess cash and preserve stability across financial markets, the growth offers still another great challenge for it.



Despite the CBN's vigorous attempts to remove liquidity from the market, The News Chronicle reports that statistics from the Financial Markets Dealers Association indicate that June inflows will be somewhat more than the N10.53 trillion reported in May.

Although average liquidity in the banking sector still rose, the apex bank apparently mopped up more than N12 trillion in May, underscoring the ongoing difficulty of controlling excess money.



Approximately N7.77 trillion in expected inflows, or more than two-thirds of the projected cash entering the ...