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MarketNews
The Central Bank of Nigeria (CBN) hiked rates on Nigerian Treasury bills on Wednesday, with one-year paper attracting most of the allotment.
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Money market rates rose apiece as outflows relating to the Treasury auction sales by the Central Bank of Nigeria (CBN) on Wednesday dragged the liquidity balance in the financial system downward.
The Nigerian naira has continued to win this week against the US dollar doninance on an electronic trading platform—Bloomberg BMatch—introduced on Monday.