Overnight lending rate rose sharply to around 50% on Friday, from an average of 4.5% the previous day, after the central bank debited commercial lenders' accounts for special forex sales, traders said.
The central bank on Monday asked banks to submit bids for a "special currency auction" to clear t
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Reuters
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more
