Tuesday, July 17, 2007

Nigerian naira firms vs dollar on big forex inflows

(Reuters) - The Nigerian naira firmed to 127.20 to the dollar on the interbank foreign exchange market on Tuesday from 127.23 previously due to high dollar liquidity in the system, traders said.

Dealers said dollar inflows from some oil multinationals and three retail banks, in the face of low corporate demand, helped support the naira.


Read more at Reuters Africa

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