Nigerian interbank lending rates were flat at an average of 12 per cent last week as a slowdown in foreign exchange demand and the repayment of mature treasury bills boosted naira liquidity. The Central Bank of Nigeria sold a combined $95m to lenders at its two auctions this week, far […]
Tag: Secured Open Buy Back
Nigerian interbank rates ease on budget disbursal
Nigerian interbank lending rates eased by 100 basis points this week to an average of 10.41 percent, from 11.41 percent last week, after monthly budgetary allocations to government agencies flooded into the system. The secured Open Buy Back (OBB) eased to 10.25 percent, from 10.5 percent last week, 1.75 percentage […]
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) […]
