Naira falls most in 2 weeks as investors sell bonds, equities

by | April 18, 2013 11:06 am

The naira weakened the most in two weeks amid speculation that investors in Nigeria’s bond and equities market were demanding dollars to exchange profits made in the local currency. The currency of Africa’s biggest oil producer depreciated as much as 0.2 percent to 157.68 per dollar, the most since March 28, and traded at 157.60…

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