Feb 13, 2016/Reuters Nigeria’s overnight interbank lending rate eased to an average of 0.75 percent on Friday from around 3 percent midweek after the central bank let cash flow into the market from matured treasury bills, traders said. The central bank injected around 234 billion naira ($1.2 billion) in matured […]
Tag: Interbank-Rate
Nigerian interbank rates ease on budget disbursal
Nigerian interbank lending rates eased by 100 basis points this week to an average of 10.41 percent, from 11.41 percent last week, after monthly budgetary allocations to government agencies flooded into the system. The secured Open Buy Back (OBB) eased to 10.25 percent, from 10.5 percent last week, 1.75 percentage […]
