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Nigeria’s interbank rate rises as banks pay for dollar purchases
10:48 AM,
April 24, 2017
Abiodun Ogundairo
Business
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News
[vvideo code=”BXSY38NM” autoplay=”yes”]
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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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