Nigeria's leading finance and market intelligence news report.

Inter-bank rates rise as CBN mops up N1.1trn


Nigeria’s overnight inter-bank rates rose further to 17.42 percent on Friday from 14.25 percent the previous day after the Central Bank of Nigeria (CBN) mopped up a total of N1.075.85 trillion from the banking system on Thursday. Overnight rate is the rate at which Deposit Money Banks (DMBs) borrow and lend to each other. In…

or to read full article

Comments are closed, but trackbacks and pingbacks are open.