The naira reached the highest in more than five weeks after the Central Bank of Nigeria sold the most dollars in nine months at auctions this week. The currency of Africa’s biggest crude producer gained for the first time this week, adding 0.2 percent to 157.40 per dollar by 3:06 […]
Tag: Naira
Nigerian Naira Falls 1st Time in 5 Days on Demand Before Auction
Nigeria’s naira retreated for the first time in five days as as demand for dollars increased before the central bank’s first foreign-exchange auction of the week. The currency of Africa’s biggest oil producer depreciated 0.1 percent to 157.60 per dollar as of 12:36 p.m. in Lagos, the commercial capital, its […]
Naira Rises to 4-Week High on Central Bank, Oil-Industry Dollars
Nigeria’s naira rose to the highest in almost four weeks as the central bank sold the U.S. currency at an auction and oil companies were also said to sell dollars. The currency of Africa’s biggest oil producer rose 0.3 percent to 158.10 per dollar by 4:10 p.m. in Lagos, the […]
