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Nigeria’s interbank rate rises as banks pay for dollar purchases

By CNBC   |   24 April 2017   |   10:48 am  
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Nigeria's interbank rate rises as banks pay for dollar purchases
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Nigeria's interbank rate rises as banks pay for dollar purchases
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Nigeria's overnight lending rates rose 20 percentage points last Friday after the Central Bank of Nigeria sold dollar forwards to offset a backlog of forex obligations from the money market.

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