Markets Last Week

The interbank lending rates rose marginally this week to an average of 10.50 percent due to a large cash withdrawal by state energy firm NNPC and after the central bank debited banks’ cash reserves requirement (CRR).

The Federal Government plans to raise 90 billion naira ($566 million) in bonds with maturities of three and 20 years at its first monthly debt auction of the year on Jan. 15, the Debt Management Office said on Friday.

Italian energy company Eni has closed a pipeline in Nigeria due to sabotage, cutting off 3,500 barrels per day of its share of oil output, the company said on Saturday.
Source: Reuters

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