Markets

Nigeria naira at fresh low despite central bank dollar sale

Published February 10, 2015 Updated February 10, 2015 12:12pm

1 min

By Imad Uddin

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LAGOS: The Nigerian naira hit a new record low of 200.02 to the dollar on Tuesday despite a central bank intervention to try to halt its slide.

The unit fell 1.4 percent from its opening value of 197.30 naira to the dollar, Thomson Reuters data showed. The central bank sold an undisclosed amount of dollars but it was not sufficient to support the naira, dealers said.

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