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: Open Market Operation
Treasury Bills Subscription Rises to N659bn in November
Treasury Bills subscription in November increased by 12.2 per cent to N659 billion, compared to the N587.55 billion recorded in October, a report by the Financial Market Dealers Association (FMDA) has shown. The FMDA stated this in its financial and economic report for November obtained at the weekend. It showed […]
Nigeria’s Economic Report for Half Year 2012-CBN
Monetary targeting, in principle, remained the framework for monetary management during the first half of 2012. In reality, however, actual implementation of monetary policy adopted an eclectic approach, as attention was focused on both quantity and price variables to achieve the objective of monetary and price stability. In this regard, […]
