Nigeria central bank injects $100 mln into interbank FX market

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ABUJA, March 7  – Nigeria’s central bank injected $100 million into the interbank foreign exchange market on Tuesday, it said in a statement, part of a pattern of injections in recent weeks to alleviate high dollar demand amid a shortage.

That shortage has been brought on by a collapse in sales of the crude oil that Nigeria depends on for government revenues, and also for bringing in much of the country’s foreign currency

 

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