Generally, life works clockwise, taking you round in circles as you begin the year in January and end it in December only to start the process again. The difference however, is that change is constant and your decisions at the beginning of the year determines how the rest of the year goes. Decisions can be …
Nigeria’s overnight lending rate fell this week to around 3 percent on Friday from an average of 3.9 percent a week ago on expectations that budget cash will be injected into the banking system on Friday or Monday, traders said. Nigeria, an OPEC member and Africa’s biggest economy, relies on crude oil sales for two-thirds …
Nigeria interbank lending rate eases on budget cash injections Read More »
Following an injection of naira liquidity into the banking system, Nigeria’s overnight lending rate dropped sharply to an average of 3.9 percent on Friday from 10 percent a week ago. A total of 454 billion naira ($1.49 billion) in debt refund to state governments and matured treasury bills entered the system this week, raising liquidity …
Nigeria’s overnight lending rate falls sharply on naira injection Read More »
