Business & Finance
Nigerian cenbank sells $1.5mn at 305.25 naira on interbank market
LAGOS: Nigeria's central bank sold $1.
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The interbank market had traded for more than three hours from its open with no deals before the central bank sale.
Traders say the bank plans to sell $1 million weekly to each of the country's 21 commercial lenders at a rate of 375 naira to try to narrow a 40 percent gap between the official and black market naira rates.