Interbank rates on Friday fell slightly across all the tenors at the end of the close of the week, the News Agency of Nigeria (NAN) reports
According to Financial Markets Dealers and Quotations (FMDQ), the 30-day rate of the Nigerian Interbank Offered Rates (NIBOR) dropped from 11.45 per cent on Monday to 11.38 per cent on Friday.
The 60-day rate also dipped from 11.79 per cent at the beginning of the week to 11.75 per cent at the close of trading on Friday.
Open-Buy-Back and Overnight rates also dropped from 10.23 per cent and 10.38 per cent to 10.22 per cent and 10.33 per cent, respectively.
Call rates, seven-day and 90-day rates, however, remained stable at 10.50 per cent, 10.83 per cent and 12.04 per cent, respectively since January 27.
A financial expert, who preferred anonymity, said that the drop in the rates was due to sales of treasury bills in the previous week.
