Deep liquidity keeps Nigerian interbank rate flat
Nigeria’s overnight lending rate held steady at 1 percent for the fifth consecutive week on Friday, despite lower money market liquidity as the central bank mopped up excess cash from the banking system, traders said. One dealer said the central bank had sold about 230 billion naira ($1.16 billion) of Treasury bills in open market…
This content is for Premium Yearly Subscription,...
Comments
Post a Comment