Bloomberg News

Nigeria’s Naira Depreciates First Day in Four Against Dollar

January 24, 2012

Jan. 23 (Bloomberg) -- Nigeria’s naira weakened for the first day in four against the dollar on the interbank market.

The currency of Africa’s biggest oil producer depreciated 0.1 percent to 161.05 per dollar as of 10:11 a.m. in Lagos, the commercial capital, according to data compiled by Bloomberg.

To contact the reporter on this story: Emele Onu in Lagos at eonu1@bloomberg.net

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net


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