Nigeria’s interest rates drop as Central Bank repays N97.17bn Treasury bills

by | September 5, 2013 6:16 pm

Interest rates at the interbank market Thursday dropped by 11.66 percent from 15.18 percent on Wednesday to 13.41 percent. Consequently, the Nigeria Interbank Offered Rates (NIBOR) increased across tenor bucket. For instance, call tenor went down to 12.33 percent from 14.45 percent, the previous day. Similarly, 7 days and 30 days tenors dropped from 14.58 percent and 14.95 percent the…

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