Nigeria's naira rallies for second day on intervention

By Chijioke Ohuocha and Oludare Mayowa LAGOS (Reuters) - Nigeria's naira rose for the second straight day on Wednesday after the central bank sold dollars but still closed below the bottom of its new target range, dealers said. The naira has lost 11.8 percent against the dollar this year, as global oil prices plunged, worsening the already shaky finances of Africa's top oil producing nation. The ...
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Added December 03, 2014
from Yahoo Nigerian News