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Nigerian interbank rates fall on budget allocations

August 17, 2012 Comments Off on Nigerian interbank rates fall on budget allocations

August 17, 2012, 5:30 pm

LAGOS (Reuters) – Nigeria’s interbank lending rates fell sharply on Friday to an average of 14 percent, from around 19.33 percent the previous day after about 283 billion naira in budget allocations to government agencies hit the market.
Nigeria, Africa’s top energy …

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