Interbank Lending Rate

Lending Rate Rises to 4.67% on Sustained Robust Liquidity

May 5, 2020

By Dipo Olowookere The average money market rates increased by 1.84 percent on Monday to settle at 4.34 percent, Business Post reports. The rise

Economy

Interbank Lending Rate Drops to 3.58%

November 6, 2018

Modupe Gbadeyanka

By Modupe Gbadeyanka The nation’s overnight lending rate moderated to 3.58 percent on Monday from 4.83 percent recorded at the close of transactions last

Economy

N277b Maturing Treasury Bills to Moderate Cost of Funds

October 8, 2018

Modupe Gbadeyanka

By Modupe Gbadeyanka Treasury bills worth N277.07 billion maturing this week via the secondary market are expected to stabilise the interbank lending rate. Business

Economy

Interbank Rate Jumps to 12.17% Despite Absence of OMO Auction

February 3, 2018

Modupe Gbadeyanka

By Modupe Gbadeyanka Nigeria’s overnight interbank lending rate rose sharply on Friday despite the Central Bank of Nigeria (CBN) not conducting an Open Market

Economy

Lending Rate Drops on Bullish T-Bills Market

January 5, 2018

Dipo Olowookere

By Dipo Olowookere The money market rates slightly declined on Thursday as inflows of N193 billion Open Market Operations (OMO) maturities offset outflows for

Economy

Interbank Rate Drops as CBN Drains Liquidity with N96b OMO Sales

December 28, 2017

Dipo Olowookere

By Dipo Olowookere Nigeria’s interbank lending rate declined at the first trading day of the week on Wednesday after the central bank drained Naira

Economy

Interbank Rate Jumps after CBN N130b Liquidity mop-up

December 20, 2017

Dipo Olowookere

By Dipo Olowookere Overnight interbank lending rate in Nigeria increased sharply on Tuesday after the Central Bank of Nigeria (CBN) sold treasury bills through

Economy