Sunday, June 29, 2025

archiveMay 13, 2016

MONEY MARKET

Nigerian interbank rate rises to 8.5 percent

The overnight interbank rate climbed sharply on Friday to an average of 8.5 percent, 4.5 percentage points higher than last week's close on payment for bond purchases and on Assets Management Company of Nigeria (AMCON) contributions. According to Reuters’ report monitored by Business247, Nigeria's commercial lenders in 2010 agreed to...