Tag: Rates

Nigerian interbank rate rises on NNPC cash withdrawal

Reuters ÃƒÂ¢Ã¢â€šÂ¬Ã¢â‚¬Å“ Sat, Jul 21, 2012 Nigeria’s interbank lending rates climbed to an average of 15 percent this week, compared with 14.33 percent last week, after large cash withdrawals by state-owned oil firm NNPC, flows to bonds and foreign exchange purchases drained liquidity. Market liquidity closed negative this week after NNPC recalled […]