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View Full Version : Nigerian Naira Advances on Black Market After Controls Lifted - Bloomberg



NewsWhore
05-29-2009, 05:53 AM
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Nigerian Naira Advances on Black Market After Controls Lifted (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3DaUXlPo7m2H_k%26refer%3Dafrica&cid=0&ei=JrMfSvWtDYm2NbTAiI0D&usg=AFQjCNHTNzI8BNCtwCSnl6L8PhaDGaWC7A)
Bloomberg
The Central Bank of Nigeria in February banned currency trading between commercial lenders and restricted the supply of foreign currency to banks in a bid to stabilize the naira. The announcement followed a 20 percent decline in the naira&#39;s value ...


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