Nigeria interbank rates up on low cash, NNPC withdrawal

LAGOS (Reuters) - Nigeria's interbank lending rates climbed marginally this week to an average of 14.50 percent, compared with 14.33 percent last week, after state-owned energy company NNPC recalled a portion of its deposits with banks, draining liquidity from the system. NNPC, a major dollar supplier to the interbank market sold about $800 million to some banks this week and has gradually ...
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Added April 20, 2012
from Yahoo Nigerian News