The Nigerian naira firmed on the interbank market on Monday as dollar flows from two energy companies and banks increased liquidity and supported the local currency. The naira closed at 161.10 to the dollar, firmer than its 161.25 close on Friday. Traders said a unit of Addax Petroleum sold $10 […]
Tag: Nigerian Naira
Nigerian naira eases against U.S.dlr on strong demand
The Nigerian naira eased against the U.S. dollar on the interbank on Wednesday after large dollar sales by state-owned energy firm NNPC and at a central bank currency auction, failed to quell demand for the greenback. The unit closed at 161.10 naira to the dollar on the interbank after opening […]
Nigerian naira firms on Shell, NLNGs dollar sales
Nigeria’s naira currency firmed against the U.S dollar on the interbank market on Monday, supported by ample dollar sales by two energy companies to some lenders. The local currency closed at 161.60 versus the dollar on the interbank market, stronger than the 162.10 to the dollar it closed at on […]
