Nigeria naira closes at 7-month low, despite cenbank intervention

* Stocks at 1-month low as funds exit

* Benchmark 10-year bond down 27 basis point

* Oil price worry investors holding Nigerian assets

Nigeria's naira currency eased to a 7-month closing low against the U.S. dollar on
Wednesday, despite a central bank intervention to prop it up, as falling oil prices pushed investors out of domestic debt and equity markets, dealers said.
The unit closed at 164.50 naira to the dollar, a level last seen on March 6, but down just 0.1 percent from the 164.35 naira it closed at on Friday. Financial markets were closed on Monday and Tuesday to mark a two-day Muslim holiday.
The naira had slipped to 165.30 intraday, which prompted the central bank to step in with an undisclosed amount of dollars to try to satisfy demand.
Nigeria's beleaguered currency has come under pressure in the past two months from falling global oil prices, dampening appetite for assets in Africa's biggest economy.
Though the central bank has been intervening since this year to prop up its value, it has lost 3.5 percent since January 2.
The local unit of China's Addax petroleum also sold around $3 million on Wednesday, which was not sufficient to support the naira, dealers said.
Dealers said yield on the 10-year benchmark bond rose 27 basis points to 12.80 percent on Wednesday while the all-share index fell to a one-month closing low of 40,995 points, down 0.3 percent.
Brent crude oil fell to a fresh 27-month low under $91 a barrel on Wednesday, as gloomy economic growth forecasts prompted concerns about global oil demand and U.S. inventory data confirmed abundant supply.