Governments’ allocation enhances liquidity at inter-bank market

Inter-bank market yesterday was awash with liquidity as Nigeria Inter-Bank Offered Rates (NIBOR) dropped across board. For instance, midnight call dropped to 10.25 percent from 10.62 percent the previous day. Also 7 days and 30 days dropped from 10.91 percent and 11.2917 percent on Monday to 10.54 percent and 10.87 percent, respectively. Sewa Wusu, head…

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