Nigeria plans to raise 75 billion naira ($466.30 million) through sovereign bonds ranging between 5 and 10 years at its regular auction on July 18, the Debt Management Office (DMO) said on Thursday. The debt office said it would sell 25 billion naira each in the 5-, 7- and 10-year […]
Tag: Nigerian Naira
Nigerian naira eases on strong dollar demand
The Nigerian naira eased to its lowest in a week against the U.S dollar on the interbank market on renewed demand for the greenback and despite large forex sales by a unit of Royal Dutch Shell. The local currency fell to 161.30 to the dollar on the interbank, erasing recent […]
Nigeria’s Naira Snaps Three Days of Advances as Crude Declines
By Chris Kay/ Bloomberg The naira weakened, snapping three days of gains against the dollar as crude, Nigeria’s key export, retreated in New York and London. The currency of Africa’s biggest oil producer depreciated 0.1 percent to 160.84 per dollar as of 2:57 p.m. on the interbank market in Lagos, […]
