BRIEF-Seair announces default on senior debt
* Seair Inc - defaulted on terms of its senior debt senior debt and is currently in negotiations with its creditors to develop a restructuring plan
LAGOS, June 30 The Nigerian currency was unchanged at 162.90 naira to the dollar at Monday's market close, supported by dollar sales from the local unit of Royal Dutch Shell.
The naira had initially eased to 163.05 against the U.S. dollar, dealers said, but recovered after Shell sold an undisclosed amount of dollars to some lenders.
"Demand was balanced with dollar flow from Shell ... to keep the naira at the same level it closed on Friday," one dealer said, adding that the local units of two foreign banks were buying hard currency for their clients on Monday.
Dealers expect the naira to remain stable this week, trading around the 163 mark on possible central bank intervention as more oil companies make their regular month-end oil dollar sales. (Reporting by Oludare Mayowa; Editing by Chijioke Ohuocha and Robin Pomeroy)
* Sets regular quarterly dividend of $0.2425 per share Source text for Eikon: Further company coverage:
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