Nigeria’s naira eased against the U.S. dollar on the interbank market on Monday after a surge in demand by one lender buying the greenback for its customers, dealers said. The local currency closed at 157.80 naira to the dollar, weaker than Friday’s close of 157.55 naira. The naira had firmed […]
Tag: Nigerian Naira
Nigeria naira firms as foreigners eye bonds
The Nigerian naira firmed against the U.S. dollar on the interbank market on Wednesday, supported by foreign exchange inflows from offshore investors ahead of a bond auction. The naira closed at 158.20 to the dollar, higher than the 158.55 naira it closed on Tuesday. The central bank sold $200 million […]
Nigerian naira falls on strong dollar demand
The Nigerian naira weakened against the U.S dollar on the interbank market on Monday, on strong dollar buying by some importers unable to obtain funds at the bi-weekly foreign exchange auction, and thin dollar supply from oil companies. The naira closed at 158.40 to the dollar on the interbank market, […]
