Nigeria naira weakens to a 4-month low on bond sales

LAGOS (Reuters) - Nigeria's naira weakened to a four month low of 161.25 to the dollar on Monday, as foreign investors nervous about inflation and currency weakness pulled their money out of government bills and bonds to repatriate it. "Foreign investors are exiting the market and that's affecting the naira. This has been the trend since May," a dealer told Reuters, adding that the naira was ...
Read the rest of the story on Yahoo Nigerian News

Added June 04, 2012
from Yahoo Nigerian News