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Nigeria naira falls to 4-week low on dollar demand

LAGOS (Reuters) - Nigeria's naira fell against the U.S dollar on the interbank market to its weakest in more than four weeks on Monday, pressured by strong demand for the dollar from banks. The naira closed at 158.10 to the dollar, compared with 157.65 on Friday. The naira hasn't been this weak since November 16 when it closed at 158.50 to the dollar. Traders said some banks scrambled for ...
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Added December 17, 2012
from Yahoo Nigerian News