Interbank market frozen as banks comply with Treasury Single Account

Interbank market frozen as banks comply with Treasury Single Account

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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