Nigeria interbank rates ease on higher cash flows

LAGOS (Reuters) - Nigeria's interbank lending rates eased 100 basis points to an average of 14.33 percent this week, aided by improved liquidity. Dealers said the market opened with a cash balance of about 14.6 billion naira on Friday, compared with a negative balance of 12.74 billion naira last Friday. "We have inflows from repaid matured treasury bills of a net balance of about 50 billion ...
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Added July 13, 2012
from Yahoo Nigerian News