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Topic: Overnight lending doubles on CBN cash withdrawal  (Read 2394 times)

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Overnight lending doubles on CBN cash withdrawal
« on: February 18, 2017, 07:03:16 pm »
Overnight lending doubles on CBN cash withdrawal

Oyetunji Abioye with agency report The banking system’s overnight lending rate more than doubled to 25 per cent on Friday from 10.17 per cent on Thursday after the Central Bank of Nigeria sold open market bills and debited commercial banks for bond purchases, Reuters reported. The CBN sold N178.44bn ($586.01m) in 321-day treasury bills at […]


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