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Dollar sales to boost naira next week

Published by Punch on Fri, 05 Sep 2014


The naira is seen range-bound next week, supported by dollar sales by the Nigerian National Petroleum Corporation and offshore investor flows into the local debt market. The local currency has drifted in the N161.70-N162.55band since last week, according to Reuters. 'The naira should see some gains next week, but not far from the present range,'...[Read More...]
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