LAGOS Aug 6 Nigeria's naira fell 0.43
percent against the U.S. dollar on the interbank market on
Wednesday after importers brought forward their obligations to
take advantage of a recent rally in the local currency.
The local unit closed at 161.65 naira to the dollar, weaker
than the 160.95 naira it closed the previous day. The naira on
Monday firmed to an almost 3-month high against the
Traders said the local unit of Eni sold $20 million
to some lenders on Wednesday, but it was not sufficient to
support the naira.
"There was a lot of demand in the market today ... from
importers buying dollars," one dealer said.
Dealers anticipate a dollar sale by state-owned oil company
NNPC any time soon to help stem the slide in the local currency.
NNPC supplies a substantial amount of the dollar flows in
Africa's biggest economy.
(Reporting by Oludare Mayowa; Editing by Chijioke Ohuocha/Mark