Nigerian overnight rates drop after $3.9 bln liquidity squeeze
Nigerian overnight rates dropped
20 percentage points on Monday as traders hoped the central bank
will boost liquidity to ease a cash squeeze after withdrawing
1.4 trillion naira ($3.9 billion) from lenders to try to support
the currency.
20 percentage points on Monday as traders hoped the central bank
will boost liquidity to ease a cash squeeze after withdrawing
1.4 trillion naira ($3.9 billion) from lenders to try to support
the currency.
Posted by Reuters
