Naira Appreciates To 460/Dollar, 3-Month High

The naira rose on the black market to its highest in more than three months on Friday, after several interventions by the central bank on the official market, traders said.
The local currency was quoted at 460 to the dollar on the black market at 1327 GMT, compared with 495 the previous day. The naira had weakened to around 520 to the dollar on Monday, before the central bank effectively devalued it for retail customers, in an effort to end dollar shortages.

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