FAAC injection, T-bills to drive down inter-bank rates this week

by | May 4, 2015 10:15 am

Liquidity in the money market is expected to improve this week on the back of injection from Federation Accounts Allocation Committee (FAAC) allocation and settlement of maturing N153.6 billion treasury bills. This is expected to bring down inter-bank rates, which are the rates at which banks borrow from each other, as naira is expected to…

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