Inter-bank lending rates eased by 200 basis points on Friday to an average of 11 per cent last week, from 14 per cent recorded the previous week after repayment of large funds in mature treasury bills helped boost the amount of naira in the system. Dealers said about N116bn ($734.41m) […]
Tag: Inter-Bank
Inter-bank rates fall on budget inflows
Inter-bank lending rate fell to an average 14.08 per cent on Friday and has now fallen lower than 300 basis points since Wednesday as liquidity increased, reversing a jump after the Central Bank of Nigeria announced on Tuesday it was raising banks’ cash reserve requirement. The CBN raised the reserve […]
Inter-bank rates climb higher on cash shortage
Inter-bank lending rates climbed higher to an average of 15.66 per cent last week, from 14.5 per cent recorded the previous week, after the Nigerian National Petroleum Corporation recalled a portion of its deposits with some banks and forex purchases drained liquidity. Currency traders said the market opened with a […]
