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: Nigerian National Petroleum Corporation
CBN plans N172bn T-bill auction
The Central Bank of Nigeria plans to issue N171.83bn ($1.09bn) in treasury bills ranging from three-month to one-year maturities at its regular bi-monthly debt auction on October 11. The regulator said it would issue N30.16bn in 91-day paper, N73.49bn in 182-day bills and N68.18bn in the 364-day paper next week. […]
External reserves hit $41.12bn
Foreign exchange reserves have risen to more than 29-month high of $41.12bn by September 26, and were up by 7.16 per cent month-on-month, latest figures by the Central Bank of Nigeria have shown. The figures revealed that forex reserves had not been as high as $41.12bn since April 19, 2010, […]
