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Nigeria overnight rate triples as lenders see lower naira liquidity

Nigeria overnight rate triples as lenders see lower naira liquidity LAGOS, June 21 (Reuters) - Nigeria's interbank overnight rate soared to 60 percent on Tuesday from 18 percent, as commercial lenders expected the central bank to debit them around 1.2 trillion naira to cover hard-currency purchases, traders said.
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Added June 21, 2016
from Reuters Nigeria