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Farooq

Posts Tagged "central bank"

HomePosts Tagged "central bank"

LAGOS, July 25 (Reuters) – Nigeria’s central bank held its benchmark interest rate at 14 percent on Tuesday, its governor said. Governor Godwin Emefiele said two of the eight members who attended the Monetary Policy Committee (MPC) meeting had voted to cut the headline rate. Economists polled by Reuters last week predicted that the central […]

  • CBN

LAGOS Nov 18 (Reuters) – Nigeria’s overnight interbank lending rate fell to 14 percent on Friday from 22 percent last week after the central bank repaid matured treasury bills, injecting cash into the banking system, traders said. Traders said the bank injected around 140 billion naira ($444.98 million) through its pay-out of matured open market […]

  • CBN

LAGOS Nov 17 (Reuters) – Nigeria sold 119.92 billion naira ($394.21 million) in short-dated treasury bills at an auction on Wednesday, with mixed yields, data from the central bank showed on Thursday. The bank sold a total of 32.43 billion naira of the 3-month paper at 13.99 percent, broadly unchanged from 14 percent at the […]

  • CBN

LAGOS Nov 4 (Reuters) – Nigeria’s overnight interbank lending rate rose to 13 percent on Friday from 10 percent as some commercial banks were unable to access credit lines due to technical problems at the central bank system, traders said. “We have been trading blind as we have not been able to access our credit […]