December 4, 2017 / 1:22 PM / 12 days ago

Nigeria central bank weakens naira to 307/US$ for first time on official market -traders

LAGOS, Dec 4 (Reuters) - Nigeria’s central bank on Monday weakened the naira marginally, selling dollars at 307 naira each for the first time on the official interbank market, traders said.

The bank has sold $500,000 almost on daily basis to alleviate dollar shortages on the currency market at a rate which has hovered at between 305 naira and 306 naira for months. (Reporting by Chijioke Ohuocha; Editing by Toby Chopra)

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