Interbank rate falls as liquidity increases

Nigeria's interbank landing rate fell marginally this week, to average 15.83 percent, helped by inflows as some revenues from the central government's crude oil account were distributed to government agencies. "Some funds came into the system through the allocation from the excess crude account to state and local government on Wednesday, which helped raise the volume of liquidity in the market in the week," one dealer said.
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Added December 16, 2011
from Businessday Nigeria