LAGOS, July 14 Nigeria's naira firmed
marginally on the interbank market on Monday after oil companies
sold dollars to buy the local currency and dollar demand from
importers slowed, traders said.
The naira closed at 162.28 to the dollar, slightly firmer
than Friday's close of 162.38.
A unit of France's Total sold $42 million and
China's Addax sold $8 million, boosting dollar liquidity and
support for the local currency.
"The naira should be rangebound this week ... don't see it
depreciating to 163 anytime soon, probably 162.70 to the
dollar," one dealer said.
The naira has traded around 162-162.50 in the last week.
(Reporting by Oludare Mayowa; Editing by Louise Ireland)