From CNBC Africa
Nigeria’s central bank intervened in the foreign exchange market minutes before it closed on Friday.
The central bank sold an undisclosed amount of dollars that enabled the naira to reverse earlier losses, dealers said.
The naira closed up very slightly on the day to 164.85 to the dollar, against Thursday’s close of 164.90. It had opened sharply down at 165.60 to the dollar.
Oil major ExxonMobil also sold $22 million in exchange for naira, further lifting the local unit, dealers said.
Read more at CNBC Africa
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