Nigeria's Naira rebounds after central bank intervenes

LAGOS Thu Feb 20, 2014 8:19am EST

LAGOS Feb 20 (Reuters) - Trading has resumed in the Nigerian naira after the central bank intervened with dollar sales to calm a forex market reeling from the sudden removal of the bank's Governor Lamido Sanusi, dealers said.

The naira rebounded from a low of 169 to the dollar shortly before the suspension of trading to 165 to the dollar.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.