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Monday, 21 March 2016

Nigerian interbank rates rise to 5.3%

Nigerian interbank rates rise to 5.3%
21 March 2016, Abuja — The interbank lending rates- Open Buy-Back, OBB, and overnight trended upward throughout last week, closing 4.8 per cent and 5.3 per cent respectively at the weekend. Curiously, the trend defied the N44.3 billion coupon payment on the Federal Government’s 2024 bond, which raised system’s liquidity. The rates though declined to […] More »

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