Markets

Nigeria naira up 0.30pc against dollar after central bank intervenes

Published October 23, 2014 Updated October 23, 2014 03:01pm

1 min

By Shoaib Ur Rehman

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LAGOS: The Nigerian naira firmed 0.30 percent to 164.40 against the US dollar on Thursday after the central bank intervened in the interbank market for the second straight day with an undisclosed amount of dollars, dealers said.

The naira closed at 164.90 to the dollar the previous day.

It had initially weakened to around 165.80 intraday, prompting central bank action to stem its fall.

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