Nigerian overnight interbank lending rates rose to 20 percent on Thursday after the central bank recalled some 400 billion naira ($2.02 billion) from the banking system to meet a new cash reserves ratio (CRR) on deposits, traders said.
Traders said the open buy-back (OBB) and overnight rate were qu
```
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
