CBN floats N40bn TBs, as interbank rate hits 50%
The Central Bank of Nigeria (CBN) raised N39.72 billion naira ($130.57 million) for the federal government at a treasury bill (TB) sale last week, with yields unchanged on the previous auction, the apex bank said on its website on Friday. This is just as the overnight lending rate rose sharply to around 50 percent on Friday, from […]