Interbank rate drops after liquidity rise

The overnight interbank lending rate eased to an average of 0.75 per cent on Friday from around three per cent midweek after the Central Bank of Nigeria let cash flow into the market from matured treasury bills, traders said. The central bank injected around N234bn ($1.2bn) in matured open market operations bills on Thursday and […]

Interbank rate drops after liquidity rise

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