Frodobee :
this market is neither Apc no Pdp.

atlwireles:
No need for tears, Nigerians will live and learn. It takes 5 mins to destroy the efforts of 16 years, we shall all stay here and savage it together. One fact is clear, the sai chanters will suffer the most.

bettercreature:
Sharap! 16years of fraud,Let them freeze everything,if there is no war there will not be peace,let our economy suffer for now,it will only make us stronger

atlwireles:
No need for tears, Nigerians will live and learn. It takes 5 mins to destroy the efforts of 16 years, we shall all stay here and savage it together. One fact is clear, the sai chanters will suffer the most.

Analysts have predicted that implementation of the government policy will drain naira liquidity from the banking system, potentially putting some banks in a dire situation.

The overnight lending rate closed at 5 percent on Monday, but dealers said the rate was initially quoted at 200 percent on Tuesday. No deals were done using that rate.

About 1.2 trillion naira, or 10 percent of banking sector deposits, is expected to be transferred to the government account with the central bank in the course of implementing the TSA policy, Bismarck Rewane, chief executive at Financial Derivative company said.

“We expect an initial paralysis in the market and a disruption of operations of some of the banks, but they would overcome that,” Rewane said.

He said the central bank could reduce the size of the cash reserve requirement (CRR) commercial lenders are expected to keep with it and inject some liquidity into the banking system to minimise the impact of the new account policy.

The CRR, which is the amount the central bank requires banks to set aside, is currently 31 percent for both public and private sector deposits.
http://businessdayonline.com/2015/09/interbank-market-frozen-as-banks-comply-with-tsa/

“No trading is currently going on because no bank was willing to put out quotes until there is a clearer direction with the implementation of the Treasury Single Account (TSA),” one dealer said.

“The market is right now frozen, as no trading going on,” another trader said.

PRYCE:
From Daura With Love!

citizenisb:
http://nairametrics.com/tsa-has-just-frozen-the-interbank-market/

Nigerian banks made no bids on the interbank money market on Tuesday as they awaited instructions on how to comply with a directive to transfer government revenues into a single account with the central bank, dealers said.

Neduzze5:
Ok

And the Daura dullardinhario keeps destroying our economy!

Mogidi:

Nigeria is at a standstill, the future under Buhari is bleak.