Nigeria’s naira firmed against the dollar on Wednesday as Chevron’s local unit sold the U.S. currency and offshore funds bought local debt, dealers said. The naira was trading 0.34 percent higher at 161.60 naira to the dollar at 1116 GMT, from Tuesday’s close of 162.15 naira. Dealers said the local […]

Fidelity Bank’s exposure to foreign currency lending rose to 27 per cent last year, from one per cent in 2012, a report by Renaissance Capital (RenCap), an investment and research firm, has shown. The firm said Fidelity achieved the growth after deploying its foreign currency liabilities as the pressure on […]

CBN spending to defend Naira jumped 150.7% in Q1 – Expert   Data from the Central Bank of Nigeria (CBN), on Thursday, showed that currency in circulation at the end of March rose by N16.33 billion, or 1.04 per cent. According to the data on the CBN’s website, currency in […]