245

views
Unfave

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 ...
Read the rest of the story on Yahoo Nigerian News

Added April 20, 2012
from Yahoo Nigerian News