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Nigeria central bank injects $210MN into currency market

PUBLISHED: Wed, 13 Dec 2017 11:12:55 GMT

Nigeria’s central bank said on Tuesday it had injected $210 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages.

The bank said in a statement it had released $100 million earmarked for the wholesale market, $55 million for small businesses and individuals, and $55 million for certain dollar expenses such as school fees and medical bills.

Reporting by Paul Carsten; Editing by Hugh Lawson


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