Nigeria’s naira declined after inflation accelerated and foreign investments into the country’s bond market eased, according to Standard Bank Group Ltd. The currency of Africa’s biggest oil producer retreated 0.1 percent to 158.85 per dollar by 12:32 p.m. in Lagos, the commercial capital, bringing its depreciation this year to 1.7 […]
Tag: Dollar
Naira Strengthens to Week High on Oil Industry Month-End Supply
Nigeria’s naira gained for a second day, advancing to its strongest in a week as oil companies sold dollars to meet month-end local expenses. The currency of Africa’s biggest oil producer appreciated 0.4 percent to 157.35 per dollar, the strongest intraday level since Feb. 25, as of 11:21 a.m. in […]
Euro falls as the dollar gains for the week
For the day, euro slips a bit after ECB loan news, dollar edges up The euro slipped Friday, contributing to the currency’s losses against the U.S. dollar for the week, after the European Central Bank said commercial banks would pay back early a smaller-than-expected chunk of cheap three-year loans. The […]
