Cost of funds to fall as N405bn hit interbank market
By Babajide Komolafe Interbank lending rates are expected to decline further this week in response to inflow of N405 billion inflow from maturing treasury bills. Last week Tuesday, the Central Bank of Nigeria, CBN, deducted N650 billion from the account of some banks as Cash Reserve Ratio (CRR), levy for failure to meet the 65 […]