Nigerian naira firmed up on Wednesday after state-oil company NNPC sold around $350 million to lenders, helping the currency recover from a record low against the dollar.
The unit hit 190.28 naira to the dollar in volatile trades at 1100 GMT, firmer than 192.60, a record low at which it opened on Wednesday.
The NNPC, which accounts for the bulk of hard currency traded on the interbank market, sells dollars every month to buy naira for its local operations.
