Nigeria’s naira traded flat against the U.S. dollar at both the interbank and foreign exchange markets on Monday, as strong demand for the greenback soaked up liquidity from two oil firms and the central bank’s currency auction. The naira closed at 157.80 to the dollar, around the same level it […]
Tag: Nigerian Naira
Nigeria naira firms after cbank rate decision
Nigeria’s naira firmed slightly against the U.S. dollar on Wednesday, a day after the central bank left interest rates on hold and said it would keep monetary conditions tight, dealers said. The central bank kept rates on hold for the sixth time in a row at 12 percent on Tuesday, […]
Nigerian naira falls vs dollar on strong fx demand
The Nigerian naira fell to its lowest in a week against the U.S dollar on the interbank market on Tuesday, as strong dollar demand outpaced thin supply from an oil company and some offshore investors into local debt. The naira closed at 157.75 to the dollar, weaker than the 157.55 […]
