Nigeria’s MPR hike pushes Inter-bank rates up

Nigeria’s money market instruments rates increased across board this week following the 150 basis point hike in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN). Consequently, the overnight rate of the inter-bank market rose by 1.5 percentage points Week-on-Week to settle at 14.0 percent this week from 12.5 percent last week, […]

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