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Interbank rates slide as CBN pays off T.bills

Published by BusinessDay on Sun, 25 May 2014


The interbank lending rates fell to an average of 10.25 percent this week, compared with 12.41 percent last week, as the central bank kept its benchmark rate unchanged but paid off matured treasury bills, boosting liquidity. The central bank kept its policy rate on hold at 12 percent for the 16th time in a row []
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