Lagos - Despite the supply of the greenback by two oil companies, the naira on Wednesday weakened against the US dollar losing 10 kobo at the interbank market, reports New Telegraph
It was traded at N162.90 against the dollar at the close of trade, compared with N162.80 on Tuesday.
Foreign exchange dealers attributed the depreciation to the strong demand for the greenback.
The naira is expected to firm up against the dollar in a few days time when the Nigeria National Petroleum Corporation (NNPC) is expected to sell an undisclosed amount of dollars.
Read more at New Telegraph
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