The naira fell the most in almost a week on demand for dollars to fund gasoline imports. The currency of Africa’s largest oil producer weakened 0.1 per cent, the most since January 23 on a closing basis, to N157.13 a dollar as of 3:42 p.m. in Lagos, the commercial capital, […]
Tag: Naira
Naira Weakens on Dollar Sales Suspension, Extends Week’s Drop
Nigeria’s naira declined, extending this week’s retreat, as the Central Bank of Nigeria’s suspension of foreign-exchange auctions curbed demand for the currency. The currency of Africa’s biggest oil producer slipped 0.3 percent to 156.7 per dollar on the interbank market as of 2:30 p.m. in Lagos, the commercial capital. The […]
Naira Advances 2nd Day as Yields Drop to Record Low at Debt Sale
The naira advanced for a second day after investor inflows into a Nigerian bond auction pushed yields to a record low. The currency of Africa’s biggest oil producer rose 0.2 percent to 157.5 a dollar at 11:14 a.m. in Lagos, the commercial capital. The naira has gained 3.1 percent this […]
