Nigeria naira eases, oil firms' dollar sales to support

Nigeria's naira weakened marginally on Monday due to strong dollar demand but the local currency was expected to be supported later in the week by energy firms selling forex, traders said. Traders said about $141 million sold by a unit of French oil firm Total on Friday helped to limit losses and more energy firms were expected to come to the market this week. Most energy companies operating in ...
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Added November 25, 2013
from Yahoo Nigerian News