The Central Bank of Nigeria (CBN) sold an undisclosed
amount of dollars to lenders on Monday to try to halt the slide of the Naira currency, but dealers said it was not sufficient to lift it.
The unit closed at a record low of 184.10 Naira to the dollar, 2.9 percent weaker than its previous close on Friday.
The Naira had initially
weakened to an
intraday low 184.42 before central bank intervened, dealers said, adding that
oil companies Mobil and Eni also sold a combined $51 million, while Shell
sold an undisclosed amount of dollars.
Businessday
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