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Vol 43 No 5

Published 8th March 2002


Nigeria

Blitzing the banks

In its attempt to clean up the banks, the Central Bank of Nigeria risks sparking a crisis. It wants to deter banks and multinationals from dealing on the parallel market and blames them for the naira's fall against the US dollar. President Olusegun Obasanjo wants a stronger currency: it wins votes.

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