Overnight rates which was 0.98 on Monday, February 1, leaped to 3.4167 at the close of business on Tuesday, February 2.
However,naira remained static at N199.1 to the dollar at the interbank market since the beginning of 2016.
Last week, overnight lending rates had surged from one per cent on Monday to 9.2917 per cent by Wednesday before dropping to 1.0467 per cent by the close of business on Thursday.
Loner tenured lending rates had remained relatively stable.
