Inter-bank rates rise 12.68% as naira gains 55k after devaluation

The rates at which banks lend to each other, called inter-bank rates, on Wednesday rose by 12.68 percent to 58.29 percent from 51.75 percent the previous day, while naira gained 55 kobo or 0.31 percent at the inter-bank market following the devaluation of naira on Tuesday by the Monetary Policy Comm