CEOAFRICA gathered that following the repayment of N156.71 billion treasury bills by the Central Bank of Nigeria (CBN), Interest rates at the Nigerian inter-bank market yesterday dropped by 1.81 percent.

 According to sources, the Nigerian Inter-Bank Offered Rates (NIBOR) dropped from 11.63 percent on Monday to 11.42 percent.

The bills consist of 182-day bills worth N63.72 billion and 183-day bills worth N93 billion.