Nigeria's interbank market frozen as banks move govt revenue to cenbank

September 15, 2015 11:08 AM

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LAGOS, Sept 15 Nigerian banks made no bids on the interbank money market on Tuesday as they awaited instructions on how to comply with a directive to transfer government revenues into a single account with the central bank, dealers said.

President Muhammadu Buhari has ordered that all revenues be paid into the "Treasury Single Account" from Tuesday, part of a drive to fight graft.

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