Nigeria’s naira closed broadly flat against the U.S dollar on the interbank market on Monday as two multinational oil companies sold about $107 million to some lenders. The unit ended flat at 161.48 naira to the greenback on the interbank, after weakening to 162 naira during intra-day trade. It closed […]
Tag: Naira
New Naira Notes Coming In September
The Central Bank of Nigeria will take delivery of new naira notes before the end of September for circulation, the Deputy Director, Operations, Dr Tunde Lemo, has said. The regulator had earlier said that new naira notes would be in circulation by June, and that the smaller denomination notes (N5, N10, N20, and […]
Nigeria cbank debits 1 tln naira from banking system
 * Interbank rates spike by 7 percentage points * No visible effect on naira (Recasts with details, background) Nigeria’s central bank removed an estimated 1 trillion naira ($6.27 bln) from the banking system on Wednesday, causing interbank lending rates to spike by 7 percentage points from Tuesday’s close, but […]
