CBN Intervenes with Dollar sales to Support Naira

Nigeria's central bank asked for quotes of $5 million each from currency traders on Wednesday as it sold the U.S. currency to boost dollar liquidity and support the naira, traders said.

The naira opened at 315 to the dollar and weakened to 324 before the central bank intervened to help the currency close at 315.50.

A total of $27.05 million traded on Monday, Thomson Reuters data showed.