Wednesday, 25 February 2015

Naira eases as oil firm sells dollars below CBN rate


The Naira fell 0.5 percent on Wednesday after an oil company sold dollars to some lenders on the interbank market below the central bank's clearing rate, dealers said.

The currency closed at 202.10 naira on the interbank market, weaker than Tuesday's close of 201.10 naira to the dollar, dealers said.

The unit traded at 221 naira against the greenback at the parallel market, operated by bureau de change agents.
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