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Nigeria central bank sells $210m on FX market after naira eases

Nigeria's Central Bank Governor Godwin Emefiele. [Photo: Courtesy]

ABUJA- Nigeria’s central bank said on Tuesday it had injected $210 million into the currency market to increase liquidity after the naira weakened by 1 percent on the black market last week.

The local unit eased to 370 from 366 per dollar on the black market last Thursday, its weakest since August 2017, prompting the central bank to announce measures to step up dollar sales to retail currency bureaus.

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