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: Chevron
Nigeria naira firms as oil firms, Cbank sell dollars
Nigeria’s naira firmed against the greenback on the interbank market on Wednesday, after dollar sales by the central bank and two oil firms boosted liquidity amid lacklustre demand, traders said. The naira ended at 162.75 to the U.S. dollar on the interbank on Wednesday, firmer than the 163.16 it closed […]
Chevron, Schlumberger forex injection gives Naira edge
THURSDAY, 17 JUNE 2010 01:19 BLESSING ANARO The Naira on Wednesday appreciated against the United States’ dollar for the second consecutive time, this week, closing the week at N148.71/$. Apart from the ability of the Central Bank of Nigeria (CBN) to meet demand, foreign exchange (forex) supply got additional boost […]
