Central Bank of Nigeria Governor, Godwin Emefiele
LAGOS (Reuters) – Nigeria interbank lending rates rose 3.25 percentage points week-on-week on Friday to 9.25 points on average, driven by large treasury bills sold at both primary and secondary market by the central bank, which soaked up liquidity from the system.
The central bank sold about 250 billion naira ($1.26 billion) in the open market operations bills and 150.6 billion naira worth at an auction on Wednesday.
“The market has been very liquid from the spillover from budget allocations and large matured bonds two weeks ago, but the outflows to fresh treasury bills sales drained …Read More
Source:: PM Newspaper