The Central Bank of Nigeria may have to adopt a radical approach by forcing lending rates down in order to boost the real sector of Nigeria’s economy, analysts have said. According them, lending rates have to be lower than they are presently, preferably below double digits, to build the real […]
Tag: Lending Rates
Inter-bank rates fall on mature T-bills
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) […]
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 […]
