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Markets

Nigeria naira sheds 1pc to touch 185.3 after market open

Published January 15, 2015 Updated January 15, 2015 12:58pm
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By Imad Uddin
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imageLAGOS: The Nigerian naira fell one percent to touch 185.30 to the dollar shortly after the interbank market opened for trade on Thursday, Thomson Reuters data showed.

The unit opened at 183.40 naira to the greenback, the same level it closed at the previous day.

Dealers said liquidity on the interbank market was thin, although the central bank had sold $249 million at 168 naira at its twice-weekly forex auction on Wednesday to quell demand.

Copyright Reuters, 2015

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