Wednesday June 22, 2016/Reuters Nigeria’s central bank sold dollars onto the interbank forex market for a third day to try to ease dollar shortages after it floated the currency, traders said. Nigeria ditched a 16-month peg on the naira to allow the currency trade freely on the interbank market but […]

Wednesday June 22, 2016/Reuters Nigeria’s naira firmed to close at 281.50 to the dollar on Wednesday, its first daily gain since the central bank ditched its 16-month old peg on the currency on Monday. The naira, which slumped 30 percent at its float on Monday, has traded as weak as […]

Tuesday June 21, 2016/Reuters By Chijioke Ohuocha and Oludare Mayowa Nigeria’s naira held onto its losses against the dollar in thin trade on Tuesday, a day after the central bank removed its currency peg in an effort to alleviate chronic foreign currency shortages choking growth. Fifteen trades worth a total […]