ABUJA, Feb 11 (Reuters) - The Nigerian naira weakened by
0.57% to 403.29 per dollar on the over-the-counter spot market
on Thursday, extending losses against the U.S. currency as the
local market struggled with a scarcity of foreign exchange.
The Nigerian currency has been weakening on the spot market,
widely quoted by foreign investors and exporters, since February
because of dollar shortages. The naira has also eased on the
derivatives market.