Nigeria’s interbank lending rates eased 100 basis points to an average of 14.33 percent this week, aided by improved liquidity. Dealers said the market opened with a cash balance of about 14.6 billion naira ($90 million) on Friday, compared with a negative balance of 12.74 billion naira last Friday. “We […]
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Nigeria sells 96 bln naira in T-bills, yields drop
Nigeria sold 95.56 billion naira ($589.1 million) in three-month and six-month treasury bills, the central bank said on Friday, as strong demand pushed yields to their lowest level in seven weeks. It sold 30.16 billion naira of 91-day paper at 13.75 percent at Wednesday’s twice monthly auction, down from 14.09 […]
Bank of England says took Geithner Libor views on board
The Bank of England confirmed on Friday it had received U.S. recommendations to overhaul the Libor benchmark at the heart of a global rate-rigging scandal, saying it had passed them on to the banking group responsible for the rate. Documents obtained by Reuters earlier on Friday showed that U.S. Treasury […]
