Nigeria’s naira fell the most in more than 1 1/2 years as the central bank held its last currency auction before tightened controls of the sales are implemented, boosting demand for dollars. The currency of Africa’s biggest crude producer retreated 1.1 percent to 161.55 naira per dollar by 5:11 p.m. […]
Tag: Dollar
Nigerian Naira Amongst World Most Stable Currencies-Citi Nigeria COO
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Naira is amongst the world’s most stable currency, according to Akin Dawodu, Chief Operating Officer (C0O) and Public Sector Head for Citi Nigeria Limited. Dawodu made this assertion Wednesday at the Citi financial journalists training held at its corporate head office in Lagos […]
Nigeria naira closes flat as banks short U.S.dlr
Nigeria’s naira traded flat on the interbank market on Monday as lenders exited the U.S. currency to cover their funding needs on the local currency amid tight naira liquidity. The central bank withdraw 242 billion naira from the banking system two weeks ago to enforce a new cash reserve […]
