Business Nigerian naira weakens on fewer dollar sales by Mobil - Reuters

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Nov 27 (Reuters) - Nigeria's naira currency fell against the dollar on the interbank on Wednesday, weakened by fewer volume of dollar sale than initially anticipated from a major energy company.

The naira closed at 158.95 to the dollar compared with 158.75 a dollar the previous day.

Traders said unit of ExxonMobil sold $50 million to some lenders, short of around $100 million the energy company initially been expected to sell.

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Source: Reuters
 
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