Nigeria’s naira firmed against the U.S. dollar on the interbank market on Wednesday, supported by dollar sales by an oil company and some banks towards the close of trading. The naira closed at 158.05 to the dollar on the interbank market, stronger than the 158.15 it closed at the previous […]
Tag: Central Bank
Nigerian naira firms as funds, banks sell dollars
Nigeria’s naira firmed against the U.S. dollar on the interbank on Wednesday, with large inflows from foreign investors buying short-tenored bonds and as banks sell the greenback to stay within a stipulated open position for them. The unit firmed to closed at 157.90 naira to the dollar, recovering from an […]
Nigerian naira falls vs dollar as cbank boost fades
Nigeria’s naira fell against the U.S. dollar on the interbank market on Monday on strong dollar demand, erasing gains made after central bank took measures to strengthen the naira currency. The naira closed at 160.80 to the dollar on the interbank market, weaker than the 160.35 it closed at on […]
