Nigeria's interbank lending rates rocketed last week, ending on Friday at 40 percent compared with 6.75 percent the previous week, due to an acute cash shortage after the central bank moved to tighten liquidity and support the naira currency.
The central bank on Wednesday told commercial banks to p
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
BusinessDay
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more
