INFLOWS into banks in the last three months peaked to a record N2 trillion, creating a remarkable liquidity situation in the industry for the first time since the renewed banking industry reforms in August 2009.
BusinessWorld Intelligence can reveal that there are  indications that liquidity position of banks operating in the country has been buoyed by the Asset Management Corporation of Nigeria (Amcon) inflow and banks’ debt recovery efforts, which have also in moderated rates in the inter- bank market.
Investigations reveal that between November 2010 and January 15, 2011, about N2 trillion has been injected into the banking industry through Amcon intervention and aggressive debt recovery drive of the banks.
Amcon had in its bid to buy up the toxic assets of the rescued banks issued a zero coupon consideration bonds in December 2010, valued at N1.05 trillion in exchange for non-performing loans worth N2.2 trillion. The bonds have a yield of 10.25 per cent and will mature in 2013.  BusinessWorld Intelligence gathered that the banks have become liquid with adequate funds to meet their needs.