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CBN governor sees no rate rise, warns of bubble

•Four international banks to bid for rescued banks • Bid starts end of July The Central Bank of Nigeria governor said on Thursday he saw no reason to raise interest rates, days before a monetary policy committee meeting, but said he was concerned about the risk of another asset bubble forming. Governor Lamido Sanusi also said four international banks were among the likely bidders for Nigerian banks rescued last year in a $4 billion bailout and that he expected bids to be in by the end of the ...
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Added July 01, 2010
from Businessday Nigeria