Nigeria Sells $300 Million at Auction; Naira Weakens on Dollar Shortfall

Dollars were sold for between 153.31 naira and 153.71 naira each, the bank said on its website today. The marginal rate, which is also used as the prevailing exchange rate, was 153.38 naira compared with 153.18 naira at its previous auction held on May 9.
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Added May 11, 2011
from Yahoo Nigerian News