A REGULAR patron of Nigerian’s media would have come across the ubiquitous phrase, “mopping up of excess liquidity”, in relation to the regular interventions of the Monetary authorities to remove presumed excess/surplus Naira from the system, so that too much money supply will not become available to instigate inflation and deplete consumer demand and the purchasing power of all Naira incomes.

Some analysts, however, argue that the N300bn crushing interest payment is the price we pay for .....

see more => https://ciscoupdates.com/2017/04/10/breaking-that-excess-400m-mop-up/