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Lending rates to remain high as moves to lure foreign flows intensify

Published by Tribune on Mon, 15 Aug 2016


Nigeria's interbank overnight lending rate which jumped to 23 per cent on Friday from its 10 per centprevious close, is expected to remain high as the Central Bank continues sale of treasury bills at higher yields to lure foreign investors. Traders said that Commercial banks on Friday were paying for treasury bill purchases and a []The post Lending rates to remain high as moves to lure foreign flows intensify appeared first on Nigerian Tribune:Nigeria' Most Informative Newspaper.
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