The naira climbed the most in more than a week against the dollar on speculation that the central bank will continue to support the currency by dipping into its rising foreign reserves. The currency of Africa’s biggest oil producer advanced as much as 0.2 percent, before trading 0.1 percent stronger […]
Tag: Naira
Naira Falls to One-Week Low as Bank Dollar Sales Miss Demand
The naira depreciated for a second day and headed for lowest in a week as the central bank offered fewer dollars than buyers expected at an auction yesterday and as investors’ demand for Nigerian debt waned. The currency of Africa’s biggest oil producer fell as much as 0.2 percent to […]
Nigerian Naira Weakens as Central Bank Reduces Dollar Supplies
The naira depreciated to the lowest in almost a week as the Central Bank of Nigeria offered fewer dollars at an auction, offsetting its decision to hold the key lending rate at a record high to support the currency. The currency of Africa’s biggest oil producer fell 0.2 percent to […]
