Nigeria’s Interest rates dip on N156.4bn treasury bills repayment


Sanusi-Lamido-SanusiInterest rates at the inter-bank market yesterday dropped significantly by 65.41 percent from 41.89 percent on Wednesday to 14.49 percent, following the repayment of treasury bills worth N156.4 billion by the Central Bank of Nigeria (CBN).

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Consequently, the Nigerian Inter-Bank Offered Rates (NIBOR) dropped across tenor buckets such that call tenor went down to 13.25 yesterday from 55.83 the previous day. Similarly, 7 days, 30 days, 60 days and 90 days dropped from 42.62 percent, 36.95 percent, 37.79 percent and 38.95 percent, respectively, on Wednesday to 13.87 percent, 14.16 percent, 14.50 percent and 14.83

Babatunde Akinsola
Babatunde Akinsola
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

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