Nigeria naira firms above four-month high on black market

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LAGOS Feb 28  – The Nigerian naira gained 2.2 percent to 450 per dollar on the black market on Tuesday, a more than four-month high, a day after the central bank intervened by selling dollars on the interbank market, traders said.

On Monday, the central bank sold $80 million to retail customers and another $100 million in currency forwards to increase dollar liquidity and support the naira.

 

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