Naira falls to 5-week low on oil-imports demand, fewer dollars

by | April 25, 2013 2:18 pm



The naira declined for a fifth day on Monday, reaching its lowest in more than five weeks on increased demand for dollars by oil importers and as the central bank cut the amount of US currency sold at its weekly auction. The currency of Africa’s biggest oil producer weakened 0.1 percent to N158.83 per dollar…

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