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Nigerian naira hits 3-month high on dollar sales

August 13, 2012 Comments Off on Nigerian naira hits 3-month high on dollar sales

August 13, 2012, 4:10 pm

LAGOS (Reuters) – Nigeria’s naira currency strengthened to its highest in three months on the interbank market on Monday, after the state oil company sold about $50 million to some lenders amid tight naira liquidity.
The naira closed at 157.70 to the dollar, a level …

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