Tag: Nigeria’s Interbank Lending Rate

Nigeria interbank rates ease on higher cash flows

Nigeria’s interbank lending rates eased 100 basis points to an average of 14.33 percent this week, aided by improved liquidity. Dealers said the market opened with a cash balance of about 14.6 billion naira ($90 million) on Friday, compared with a negative balance of 12.74 billion naira last Friday. “We […]