| 22.10.2014 - Nigeria naira hits 8-month low as firms hedge currency risk |
| Nigeria's naira eased to an 8-month closing low of 165.55 against the dollar on Tuesday, due to strong dollar demand from importers and companies reducing their exposure to the local currency, dealers said. The naira fell 0.16 percent from Monday's close of 164.28 to the dollar, a level last seen on Feb. 21, a day after the president suspended the central bank governor, sending financial markets into a tailspin...............................................Full Article: Source |