Naira gains 775k against dollar on oil companies’ sales

by | March 5, 2013 11:57 am

  The nation’s currency, the naira, yesterday firmed significantly against the dollar gaining 775 kobo at the inter-bank market to close at N157.3250/$ as against N158.1000/$ on Friday, data from the Financial Markets Dealers (FMDA) has stated. Sewa Wusu, head of research, Sterling Capital, attributed the improvement in naira to forex sales by oil companies, which…

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