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
Reviewed by Crude Oil Facilitators
on
19:05
Rating:
No comments:
Post a Comment