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Will CBN increase interest rate?

The current confusion over the dollarisation or not of oil savings to be shared between the federal and state governments seemed to have been laid to rest. If President Yar’Adua’s spokesman, Olusegun Adeniyi, was truly speaking for his boss when he was quoted in a newspaper report as saying: “The consensus was that the position of the law is against dollar payment and it was so ruled by the president,” then the payments would be in naira.

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