Nigerian interbank
lending rates eased to 9.25 per cent on average this week from 9.83 per
cent last week, after the disbursal of part of monthly budgetary
allocations to government agencies, traders said on Friday.
The secured Open
Buy Back closed flat at 8.50 per cent, 200 basis points above the
Central Bank’s 6.50 per cent benchmark rate and 4.5 percentage points
higher than the Standing Deposit Facility rate.
Overnight placement dropped to 9.25 per cent from 10 per cent, while call money fell to 10 percent from 11 per cent last week.
