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Nigeria naira dips as forex demand outweighs rate hike - Reuters

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Old 03-24-11, 05:58 AM
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Post Nigeria naira dips as forex demand outweighs rate hike - Reuters



Nigeria naira dips as forex demand outweighs rate hike
Reuters
The central bank raised its benchmark interest rate on Tuesday as it seeks to ward off the effect of rising government spending ahead of elections next month. Most analysts had expected a narrower rise of 25-50 basis points. ...

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