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Farooq

Posts Tagged "interbank rate"

HomePosts Tagged "interbank rate"

LAGOS Nov 25 (Reuters) – Nigeria’s overnight interbank lending rate held steady for the second consecutive week at 14 percent on Friday even as the market anticipated the injection of October budgetary allocations to government agencies to boost liquidity in the system. On Wednesday, Nigeria distributed 420 billion naira ($1.34 billion) between its three tiers […]

  • CBN

LAGOS Oct 18 (Reuters) – Nigeria’s overnight interbank rate was quoted at a record high of 150 percent on Tuesday, two days after lenders placed funds with the central bank to participate in last Friday’s currency forward auction, traders said. They said few deals were done on Tuesday due to a shortage of naira on […]

  • CBN

LAGOS Oct 17 (Reuters) – Nigeria’s overnight interbank lending rate soared to a record high of 128 percent on Monday on naira cash shortages after the lenders funded their account with the central bank to participate in last Friday’s currency forward auction, traders said. Overnight rates opened at 100 percent on Monday, traders said, after […]

  • CBN

LAGOS, Sept 23 (Reuters) – Nigeria’s interbank lending rate eased to around 15 percent on Friday, down from nearly 40 percent for overnight lending a week ago, as the disbursal of August budget allocations to government agencies boosted market liquidity. Overall the market had a liquidity surplus of 283.61 billion naira at Friday’s opening, compared […]