Overnight Lending Rate

Nigeria’s Overnight Lending Rate Closes at 21% on Monday

July 7, 2020

By Dipo Olowookere The Overnight (OVN) lending rate in Nigeria depreciated by 2.50 percent on Monday to 21.00 percent from the 23.50 percent it

Economy

T-Bills Yields Drop 0.16% as Overnight Rate Rises to 16.29%

April 10, 2019

Dipo Olowookere

By Dipo Olowookere The secondary market for treasury bills closed bullish on Wednesday on the continued absence of an OMO sale by the Central

Economy

Overnight Lending Rate Jumps to 8.17% on System Outflows for Forex Interventions

May 8, 2018

Dipo Olowookere

By Dipo Olowookere The overnight lending rate significantly increased on Monday to 8.17 percent from 3.33 percent recorded in the last session. This came

Economy

Overnight Rate Jumps to 32.25% on Squeeze in System Liquidity

March 21, 2018

Modupe Gbadeyanka

By Modupe Gbadeyanka The overnight rate on Tuesday increased to 32.25 percent from 25 percent in the previous session, while the Open Buy Back

Economy

Overnight Rate Spikes as CBN Drains Liquidity, T-Bills Market Trades Flat

January 20, 2018

Dipo Olowookere

By Dipo Olowookere The overnight interbank lending rate rose sharply on Friday as a result of the outflows of about N126 billion from the

Economy

Overnight Rate Jumps as T-Bills Market Trades Flat

January 13, 2018

Dipo Olowookere

By Dipo Olowookere Nigeria’s overnight interbank lending rate increased on Friday to 9.58 percent from 8.25 percent on Thursday. This was as a result

Economy

T-Bills Yields Drop to 13.81% as Overnight Rate Falls to 1.88%

December 15, 2017

Dipo Olowookere

By Dipo Olowookere The treasury bills yields declined on Thursday after the market traded sparsely, Business Post is reporting. It was observed that investors

Economy

CBN Sells N44.43b Bills as Overnight Rate Falls to 29.17%

November 23, 2017

Modupe Gbadeyanka

By Modupe Gbadeyanka The treasury bills market on Wednesday closed on a bearish note with average yields depreciating by 12 basis points to finish

Economy

Overnight Lending Rate Falls after CBN Intervention

March 12, 2017

Modupe Gbadeyanka

By Modupe Gbadeyanka The overnight lending rate in Nigeria recorded a drop of about 4 percent on Friday despite the cash injection by the

Economy

Nigeria’s Overnight Lending Rate Rises on Cash Withdrawal

February 18, 2017

Modupe Gbadeyanka

By Modupe Gbadeyanka According to Reuters, Nigeria’s overnight lending rate more than doubled to 25 percent on Friday from 10.17 percent on Thursday after

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