Interbank market frozen as banks comply with Treasury Single Account

by | September 15, 2015 2:07 pm

Nigerian banks made no bids on the interbank money market on Tuesday as they awaited instructions on how to comply with a directive to transfer government revenues into a single account with the central bank, dealers said. President Muhammadu Buhari has ordered that all revenues be paid into the “Treasury Single Account” (TSA) from Tuesday,…

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