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Nigeria's launches market-driven interbank trading system: cenbank governor

The window's exchange rate will be purely market-driven, Godwin Emefiele told reporters. The new system would help with economic growth and restore investor confidence.

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Precise guidelines will be published later on Wednesday, he said, adding that the new window would have eight to ten primary traders handling minimum volumes of $10 million.

Nigeria has been suffering from foreign exchange shortages due to a slump in oil revenues which have crippled public finances and hit currency reserves.

Credit: Reuters

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