Nigeria’s Naira Heads for Best Month in Six on Dollar Inflows
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The naira headed for its best monthly performance in six after dollar inflows from the central bank and oil companies.
The currency of Africa’s biggest oil producer climbed less than 0.1 percent to 157.95 per dollar as of 12:55 p.m. in Lagos, the commercial capital. The naira has climbed 1.7 percent this month, the third-best performer in Africa according to data compiled by Bloomberg.