Overnight Lending Rate Crashes on Cash Inflows

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Overnight Lending Rate Crashes on Cash Inflows

« on: October 24, 2016, 01:02:51 am »

Overnight Lending Rate Crashes on Cash Inflows

By Obinna Chima The overnight tenor of the Nigerian Interbank Offered Rates (NIBOR) fell on Friday after the central bank repaid matured treasury bills and cash meant for government’s capital projects reached the system, traders said. Overnight lending rates fell to 11 per cent, below the central bank’s benchmark 14 per cent, from 15.5 percent […]
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