The Central Bank of Nigeria (CBN), on Thursday reported a 9.78 per cent growth in currency revolving around the nation’s economy, as currency-in-circulation stood at N1.571 trillion at the end of November, 2013. According to the CBN data published on its website, the figure represented an increase of N140.07 billion […]
Tag: Currency
Nigeria naira falls as dollar liquidity thins out
Nigeria’s naira eased against the U.S. dollar on the interbank market on Wednesday as importers started to lock-in their hard currency needs at favourable rates. The local currency closed at 160.35 to the dollar compared with Tuesday’s close of 159.8 naira. Traders said some importers took advantage of the increased […]
Nigerian naira falls on tight dollar supply
The Nigerian naira weakened further on Wednesday on the back of strong demand for the dollar even as the central bank pledged that it had no plans to devalue the local currency. The naira fell to 163.6 to the dollar on the interbank compared with 162.95 a dollar the previous […]
