Nigeria’s Naira Snaps 3 Days of Declines as Dollar Sales Rise
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Nigeria’s naira rose, snapping three days of declines, after the central bank increased its supply of dollars at an auction.
The currency of Africa’s biggest oil producer gained less than 0.1 percent to 157.7 a dollar as of 11:20 a.m. in Lagos, the commercial capital. The naira has advanced 2.9 percent this year, the second-best performer in Africa, according to data compiled by Bloomberg.