Nigeria: CBN opens discount window as interest rate hits 74 percent

Nigeria: CBN opens discount window as interest rate hits 74 percent
25 June 2016, Lagos — The Central Bank of Nigeria (CBN), yesterday, opened its discount window in an apparent bid to save the banking system from a scarcity of funds which sent interbank interest rate to 74 percent at the close of business. The discount window is the medium through which banks use financial instruments […] More »
Nigeria: CBN opens discount window as interest rate hits 74 percent Nigeria: CBN opens discount window as interest rate hits 74 percent Reviewed by Crude Oil Facilitators on 19:05 Rating: 5

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