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Nigeria's naira closes at 176.8, a day after official devaluation

Reuters - UK Focus

LAGOS, Nov 26 (Reuters) - Nigeria's naira closed at 176.80 naira on Wednesday against the dollar, up 0.31 percent from its previous session, a day after the central bank devalued the currency to stem losses on its foreign reserves, dealers said.

The unit had closed at 177.35 naira to the dollar on Tuesday, right before the central bank devalued the currency.

Dealers said oil companies Chevron and Total sold a total of $73.3 million, while Shell (LSE: RDSB.L - news) , sold an undisclosed amount of dollars to support the naira. The central bank made no fresh intervention on Wednesday.

(Reporting by Oludare Mayowa; Writing by Chijioke Ohuocha; Editing by Tim Cocks)