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Nigeria central bank injects $293 mln into currency market

May 19, 2018
in Business News, Latest Nigeria News
CBN orders banks to suspend accounts linked with fraud
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Nigeria’s central bank said on Friday it had injected $293 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages.

The bank said in a statement it had sold the funds to agricultural firms, airlines, petroleum imports and to companies importing raw materials and machineries.

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