The Nigerian naira strengthened against the U.S. dollar on the interbank market on Monday, supported by dollar sales by energy companies Royal Dutch Shell and ExxonMobil to some lenders. The local currency closed at 161.70 to the dollar on the interbank market, firmer than the 161.90 to the dollar it […]
Tag: Nigerian Naira
Nigerian naira eases on importers’ dollar demand
The Nigerian naira eased against the U.S. dollar on the interbank and the bi-weekly foreign exchange auction on Wednesday as strong demand for the greenback from importers exerted pressure on the local currency. The naira closed at 160.90 to the dollar on the interbank market, compared with Tuesday’s close of […]
Nigerian naira falls vs dollar as cbank boost fades
Nigeria’s naira fell against the U.S. dollar on the interbank market on Monday on strong dollar demand, erasing gains made after central bank took measures to strengthen the naira currency. The naira closed at 160.80 to the dollar on the interbank market, weaker than the 160.35 it closed at on […]
