The naira appreciated the most in four weeks as an oil producer was said to sell dollars to lenders, boosting supply, Bloomberg reported on Friday. The currency of Africa’s biggest oil producer climbed 0.2 per cent to N157.25 per dollar as of 12:57 p.m. in Lagos, the commercial capital. The […]
Tag: Currency
Nigerian naira falls on strong dollar demand
Nigeria’s naira currency eased marginally against the U.S dollar on the interbank market on Monday after a sudden dollar buying pressure from a lender depressed liquidity in the market, traders said. The naira closed at 157.15 to the dollar on the interbank, weaker than the 157.10 to the dollar on […]
Naira Falls across Market Segments on Strong Dollar Demand
The value of the naira dipped against the United States dollar at the three segments of the forex market Monday due to strong demand for the greenback. In fact, an intervention by the Central Bank of Nigeria (CBN), which increased dollar supply at its regulated Wholesale Dutch Auction System (WDAS) […]
