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Interbank rates ease, liquidity still tight

Nigeria's interbank lending rates eased slightly this week to an average of 16 percent from 16.5 percent previously as cash from budget allocations last Friday helped soften liquidity pressure in the market. Traders said funding for foreign exchange and treasury bills purchases had drained cash from the system and countered that move somewhat.
Read the rest of the story on Businessday Nigeria

Added December 09, 2011
from Businessday Nigeria