Inter-bank lending rates eased further last week to an average of 10.75 per cent, from 11 per cent recorded the previous week, as cash from mature bonds and bills hit the market and unattractive yields on treasury bills limited central bank mop-up efforts. Dealers said about N81bn ($512.33m) in mature […]
Tag: Central Bank of Nigeria
Bank lending fell by 2.7% in Q2 – CBN
Aggregate net credit by banks to the domestic economy fell in the second quarter by 2.7 per cent to N13.31tn, as against the marginal decline of 0.1 per cent at the end of the preceding quarter. Latest report released by the Central Bank of Nigeria showed that the decline in […]
CBN to sell N143bn in T-bills
The Central Bank of Nigeria has said it plans to issue N142.97bn ($903.73m) in treasury bills ranging from three-month to one-year maturities at its regular twice-monthly auction on September 6. The bank in a public notice on Wednesday said it would raise N32.97bn in 91-day notes, N50bn in 182-day bills […]
