Nigerian naira to firm up against dollar

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NIGERIA

The naira is expected to firm slightly to 360 per dollar for investors next week as trading pick up after the Christmas holiday, traders said.

The currency traded weaker at 362 naira for investors on thin volumes on Thursday, around the same level as in the parallel market. On the official market, it was quoted at 305.95, supported by central bank’s regular intervention.

Source: Reuters