Inter-bank lending rates rose more than 80 basis points last week to an average of 11.41 per cent, compared with 10.58 per cent the previous week, as cash outflows to Treasury bill sales and a withdrawal by the Nigerian National Petroleum Corporation drained liquidity. Dealers said Central Bank of Nigeria […]
Tag: Central Bank
South African central banker sounds warning on economy
South Africa’s economic outlook is deteriorating rapidly, with unrest in the mining sector and national transport strikes likely to lead to job losses, central bank governor Gill Marcus said on Wednesday. Speaking to economics students in Grahamstown in the Eastern Cape province, Marcus also warned that the country faced a […]
Nigeria naira flat vs dlr as demand matches supply
Nigeria’s naira currency closed unchanged against the U.S dollar on the interbank market and firmed marginally at the official window on Monday, as dollar sales by oil companies comfortably met rising dollar demand in the market. The naira closed flat at 157.15 to the dollar on the interbank. Traders said […]
