Markets

Nigeria naira closes at record low despite central bank support

Published January 23, 2015 Updated January 23, 2015 08:51pm

1 min

By Shoaib Ur Rehman

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LAGOS: Nigeria's naira closed at a record closing low of 190.60 to the dollar on Friday, despite the central bank intervening for a fifth day this week to prop up the currency, dealers said.

The naira, which has been hard hit by falling oil prices, fell 1.2 percent against the dollar, from the previous day's close of 188.35 naira.

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