Naira weakens as Nigeria’s GDP growth slows in 2nd quarter on oil outages

by | September 6, 2013 3:52 pm

Nigeria’s naira weakened to a fresh 20-month low against the U.S. dollar on the interbank market on Friday, as direct central bank forex sales to lenders failed to meet demand, traders said. The naira closed at 164.1 to the dollar, compared with a 163.6 close on the previous day. The local currency fell to 163.7…

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