CBN to mop up N245bn as cost of funds falls by 50%

The Central Bank of Nigeria (CBN) will this week mop up N245 billion from the interbank money market in a bid to reduce money supply in the economy. Meanwhile, cost of funds in the interbank money market fell by more than 50 percent last week due to inflow of N315 billion which increased the amount […]

CBN to mop up N245bn as cost of funds falls by 50%

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