The Naira strengthened the most in more than two weeks after the central bank and oil companies sold dollars, BusinessDay reports.
The currency of Africa's top oil producer appreciated 0.6 percent to 162 per dollar in the interbank Market in Lagos, the biggest gain on a closing basis since June 18. It weakened 3.2 percent in the second quarter.
The Central Bank of Nigeria sold $251 million at a foreign- currency auction yesterday, bringing its total sales this week to $601 million naira compared with $700 million the previous week.
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