ABUJA, Feb 13 (Reuters) - Nigeria's central bank has
introduced longer-term contracts on the naira in a move to
attract more foreign inflows, shore up its dwindling dollar
reserves and prevent the currency from weakening, traders said
on Thursday.
The bank has kept the naira stable even as oil prices drop
and foreign investors book profits on local bonds in response to
falling yields. It operates a multiple exchange rate regime that
it has used to manage pressure on the currency.