ABUJA, Nov 16 (Reuters) - Nigerian naira eased to its lowest
in 12 weeks on the black market on Monday after the currency
fell 1.05% against the U.S. dollar as dealers funnelled unmet
demand from official sources to the parallel market, traders
said.
The currency eased to 475 naira per dollar on Monday, a
level last seen in August. It traded at 465 naira a week earlier
as demand pressure resurfaced in the wake of dollar shortages in
the economy.