Nigeria’s naira strengthened against the U.S. dollar on the interbank market on Monday, supported by dollar sales by some local units of foreign banks selling to stay within their stipulated open position limits. The local currency closed at 157.90 to the dollar, the same level it was at last Wednesday […]
Tag: Interbank Market
Nigerian naira gains on Shell, Exxon dollar sales
The Nigerian naira strengthened against the U.S. dollar on the interbank market on Monday, supported by dollar sales by energy companies Royal Dutch Shell and ExxonMobil to some lenders. The local currency closed at 161.70 to the dollar on the interbank market, firmer than the 161.90 to the dollar it […]
Nigerian naira firms, further gains expected
The Nigerian naira firmed on the interbank market on Monday as dollar flows from two energy companies and banks increased liquidity and supported the local currency. The naira closed at 161.10 to the dollar, firmer than its 161.25 close on Friday. Traders said a unit of Addax Petroleum sold $10 […]
