Nigeria dollar bonds drop amid FX adjustment, exposure woes
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LONDON, Jan 31 (Reuters) - Nigeria's dollar-denominated sovereign bonds suffered sharp falls on Wednesday, with the 2049 bond down more than 1.7 cents to trade at 87.1 cents, Tradeweb data showed.
The move comes as the naira currency tumbled to a record low against the dollar on the official market, slipping below rates on the unofficial parallel market in intra-day trades.
Separately, the central bank said in a circular it was concerned about the growth of local lenders' foreign currency exposure and has ordered banks to harmonised reporting requirements for these exposures.
(Reporting by Karin Strohecker; Editing by Amanda Cooper)
