Nigeria’s naira traded flat against the U.S. dollar at both the interbank and foreign exchange markets on Monday, as strong demand for the greenback soaked up liquidity from two oil firms and the central bank’s currency auction. The naira closed at 157.80 to the dollar, around the same level it […]
Tag: Interbank
Nigeria naira firms as foreigners eye bonds
The Nigerian naira firmed against the U.S. dollar on the interbank market on Wednesday, supported by foreign exchange inflows from offshore investors ahead of a bond auction. The naira closed at 158.20 to the dollar, higher than the 158.55 naira it closed on Tuesday. The central bank sold $200 million […]
7 Banks Subpoenaed in Libor Investigation
Seven banks have received subpoenas as part of an investigation into the alleged manipulation of the London Interbank Offered Rate, according to a source close to the case and company filings. The banks that were subpoenaed by New York State Attorney Eric Schneiderman include JPMorgan, Citigroup, Barclays and UBS. In […]
