In line with its tight monetary policy regime, the Central Bank Nigeria (CBN) at the weekend withdrew a total of N127.97 billion naira from the system, through sale of treasury bills (T-bills). The CBN sold N32.488 billion of 91-day T-bills at a yield of 11.95 percent. The central bank also […]
Tag: Naira
Naira Gains on Moderate Dollar Demand
The naira appreciated at both the interbank and parallel market segments of the forex market last week as the Central Bank of Nigeria (CBN) met the dealers’ demand. The value of the naira against the dollar, monitored by THISDAY in Lagos, showed that save for the Wholesale Dutch Auction System […]
Naira drops on reduced dollar supply
The naira declined against the United States dollar on the inter-bank market, reaching a two-month low and capping the worst week in 12, as foreign inflows and oil company foreign-exchange sales were said to be limited. The local currency retreated 0.3 per cent to N158.525 a dollar, the lowest closing […]
