Nigeria: Banks deploy N1.2trn to govt securities as pressure on exchange rate resumes

15 August 2016, Lagos — Money market activities closed, weekend, with a record N1.2 trillion over subscription to the Nigerian Treasury Bills, NTB, indicating that financial institutions are cashing in heavily on the recent jerk-up of the Monetary Policy Rates, MPR, by the Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN. The […] More »