Fri, 15 Mar 2013 17:17:29 GMT
Naira erases recent decline on central bank comments
The Nigerian Naira increased by 0.9% to 158.65 per the U.S. Dollar in the second part of Lagos trading session on Friday. The currency erased a five-day decrease, as the central bank said that have to sold the U.S. Dollar directly to the market in order to stabilize it. Authority's auctions, used for the same aim, are unable to satisfy Dollar's demand