Nigeria’s naira firmed slightly against the U.S. dollar on Wednesday, a day after the central bank left interest rates on hold and said it would keep monetary conditions tight, dealers said. The central bank kept rates on hold for the sixth time in a row at 12 percent on Tuesday, […]
Tag: Central Bank
Nigerian naira falls vs dollar on strong fx demand
The Nigerian naira fell to its lowest in a week against the U.S dollar on the interbank market on Tuesday, as strong dollar demand outpaced thin supply from an oil company and some offshore investors into local debt. The naira closed at 157.75 to the dollar, weaker than the 157.55 […]
Nigerian naira falls on strong dollar demand
The Nigerian naira weakened against the U.S dollar on the interbank market on Monday, on strong dollar buying by some importers unable to obtain funds at the bi-weekly foreign exchange auction, and thin dollar supply from oil companies. The naira closed at 158.40 to the dollar on the interbank market, […]
