Saturday, July 14, 2007

Nigerian interbank rates dip despite cash recall

(Reuters) - Nigerian interbank interest rates was unchanged to lower at the short-end of the market this week previously despite a big withdrawal by the state oil firm NNPC, traders said on Friday.

The secured Open Buy Back (OBB) rate was unchanged at 10.5 percent, while call money and overnight placement both dropped to 12 percent from 13.5 percent last week.


Read more at Reuters Africa

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