Nigeria’s naira weakened a second day against the dollar as reduced demand for the West African nation’s bonds put pressure on the currency before a central bank meeting where the key rate will probably be maintained. The currency of Africa’s biggest oil producer fell as much as 0.1 percent […]
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Naira Slips 2nd Day Before Nigerian Central Bank Rate Decision
Nigeria’s naira weakened a second day against the dollar as reduced demand for the West African nation’s bonds put pressure on the currency before a central bank meeting where the key rate will probably be maintained. The currency of Africa’s biggest oil producer fell as much as 0.1 percent […]
Naira Falls as Bond Investments Said to Ease, Inflation Rises
Nigeria’s naira declined after inflation accelerated and foreign investments into the country’s bond market eased, according to Standard Bank Group Ltd. The currency of Africa’s biggest oil producer retreated 0.1 percent to 158.85 per dollar by 12:32 p.m. in Lagos, the commercial capital, bringing its depreciation this year to 1.7 […]
