Naira falls 1st time in 5 days on demand

by | April 11, 2013 4:52 pm

The naira retreated for the first time in five days as demand for dollars increased before the central bank’s first foreign-exchange auction of the week. The currency of Africa’s biggest oil producer depreciated 0.1 percent to N157.60 per dollar as of 12:36pm in Lagos, the commercial capital on Monday, its biggest decline since March 28,…

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