Economy

Nigeria sells $1bn to help clear backlog in biggest dollar sale since June

by Reuters

December 29, 2016 | 3:20 pm
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The central bank sold about $1 billion on the forward market last week to clear a backlog of dollar obligations in selected sectors, traders said on Thursday, its largest special auction since a currency peg was removed in June. Outstanding dollar demand was about $4 billion before June, when the 16-month-old peg was removed. Efforts…

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by Reuters

December 29, 2016 | 3:20 pm
  |     |     |   Start Conversation

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