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CBN Moves Against Inflation; Mops up N200 billion in Special OMO

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In its latest move to further rein in inflation, the Central Bank of Nigeria (CBN) has unveiled plans to mop up a total of N200.322 billion from the Nigerian banking system through a special Open Market Operation (OMO) at the rate of 16 per cent per annum. Rising from a meeting of the Bankers’ Committee ...

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