Nigeria cbank debits 1 tln naira from banking system

By Oludare Mayowa LAGOS (Reuters) - Nigeria's central bank removed an estimated 1 trillion naira from the banking system on Wednesday, causing interbank lending rates to spike by 7 percentage points from Tuesday's close, but failing to lift the naira, dealers said. Interbank lending rates rose to around 19 percent on Wednesday, up from around 12 percent at Tuesday's close, after the central bank ...
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Added August 08, 2013
from Yahoo Nigerian News