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The Journal

The Journal

The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview

Trending News
  • Home
  • News & Issues
    • News
    • Art and EntertainmentHighlighting outstanding careers in the Arts and Entertainment industry in Nigeria.
    • Food and AgricultureHighlighting outstanding careers in the Food and Agricultural Sector in Nigeria.
    • Health, Science and TechHighlighting outstanding careers in the Health sector in Nigeria.
    • Education
    • GovernanceHighlighting outstanding careers in Governing Offices in Nigeria.
    • Politics
    • Business
    • Economy
    • International AffairsDescription for Category, better for SEO purpose
    • Features
    • SportsHighlighting outstanding careers in the field of Sports in Nigeria.
  • People
    • Biography
    • Profiles and eBooksFeatured posts
    • In Memoriam
    • HERstory
  • Brands, Culture and Lifestyle
  • Contact us

 

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interbank lending rate

Liquidity Squeeze Pushes Overnight Rate to 22.20%
  • Business

Liquidity Squeeze Pushes Overnight Rate to 22.20%

Amaka Azubuike15 minutes ago3 minutes ago04 mins

The Central Bank of Nigeria drained trillions of naira from commercial vaults, driving the interbank overnight lending rate up to 22.20 per cent. Olayemi Cardoso continues his aggressive mop-up of banking cash to halt currency speculation and tame stubborn price rises. The apex bank sold N2.888 trillion in Open Market Operations bills in a single…

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