Interbank rate jumps to 50% on CBN forex sales

Interbank rate jumps to 50% on CBN forex sales
25 December 2016, Lagos – The overnight lending rate rose sharply to around 50 per cent on Friday, from an average of 4.5 per cent on Thursday, after the Central Bank of Nigeria debited commercial banks’ accounts for special foreign exchange sales. The CBN had on Monday asked banks to submit bids for a “special currency […] More »
Interbank rate jumps to 50% on CBN forex sales Interbank rate jumps to 50% on CBN forex sales Reviewed by Crude Oil Facilitators on 19:44 Rating: 5

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