LAGOS: Nigeria's central bank weakened the naira to 307.75 per dollar on Wednesday after selling $1.5 million on the official market, to narrow the spread with the black market rate, traders said.
The naira's rate on the official market now trades at around 24 percent spread from the black market rate, which firmed to a seven-month high on Wednesday.
The currency was quoted at 307.50 on the interbank market on Tuesday.
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