Overnight inter-bank rates rise to 66.8%

Overnight inter-bank rates, which are the interest rates that deposit money banks use in borrowing and lending to each other, on Monday, rose to 66.8 percent from 27.16 percent on Friday last week, representing 39.63 percent increase. Also, the 1 month, 3 months and 6 months of the Nigerian Inter-Bank Offered Rates (NIBOR) increased to…

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Source : BusinessDay

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