160

views
Unfave

Nigeria interbank rates hit year-high on outflows

LAGOS, Nov 12 (Reuters) - Nigerian interbank lending rates spiked to 11.75 percent on average this week, the highest level in a year, from 9.25 percent last week as large cash outflows drained liquidity in the system, traders said.
[Read more on Reuters Nigeria]

Added: over 2 years ago (November 12, 2010 @ 10:35AM)
Source: Reuters Nigeria

Join the discussion