Nigeria’s naira currency rose against the U.S. dollar to its strongest in more than four weeks on the interbank market, supported by dollar liquidity flows from four energy companies, traders said. The naira closed at 157.10 to the dollar on the interbank market, firmer than the 157.38 it closed on […]
World News
Nigeria’s Economic Report for Half Year 2012-CBN
Monetary targeting, in principle, remained the framework for monetary management during the first half of 2012. In reality, however, actual implementation of monetary policy adopted an eclectic approach, as attention was focused on both quantity and price variables to achieve the objective of monetary and price stability. In this regard, […]
Naira Gains on Moderate Dollar Demand
The naira appreciated at both the interbank and parallel market segments of the forex market last week as the Central Bank of Nigeria (CBN) met the dealers’ demand. The value of the naira against the dollar, monitored by THISDAY in Lagos, showed that save for the Wholesale Dutch Auction System […]
