Nigeria's leading finance and market intelligence news report.

Overnight inter-bank rate rises by 47.5% as CBN mops up N78.3bn

The Central Bank of Nigeria SOURCE: File Photo

The overnight inter-bank rate, which is the rate at which Deposit Money Banks (DMBs) borrow and lend to each other, rose to as high as 47.5 percent on Monday from 19.42 percent on Friday last week. Also, the Open Buy-Back (OBB), the money market instrument used to raise short term capital, increased from 18.67 percent…

or to read full article

Comments are closed, but trackbacks and pingbacks are open.