(http://www.channelstv.com/home/wp-content/uploads/2013/04/Naira.jpg)The Naira weakened further to N158:20 kobo to the dollar at the interbank on Thursday. (http://www.channelstv.com/home/wp-content/uploads/2013/04/Naira.jpg) (http://www.channelstv.com/home/wp-content/uploads/2013/04/Naira.jpg)Dealers attributed the drop to increased demand for the greenback by importers which put pressure on the local currency. At its bi-weekly wholesale Dutch auction system on Wednesday, the Central Bank of Nigeria offered $300 million to 17 lenders but sold only $207.6 million at N155:74 kobo per dollar. On Monday the regulator also offered $300 million but sold $293.8 million at N155:75 kobo.
Via: ChannelsTV