Nigeria’s naira eased against the U.S dollar on the interbank market but was stable at the central bank’s foreign exchange auction on Monday, as demand for the greenback by importers and foreign firms remitting dividends outweighed dollar sales by oil companies. Traders said the naira closed at 163.10 to the […]
Tag: Nigerian Naira
Global mood, oil fears weigh on Nigeria markets-analysts
* Naira, stocks likely to see little relief soon * Investors exit Nigeria on falling oil prices * Outlook for Naira assets tied to oil price * Weak global growth, Europe’s debt worry investors By Chijioke Ohuocha LAGOS, June 26 (Reuters) – Nigeria’s beleaguered naira, bonds and stock market are […]
Nigeria naira eases vs dlr despite cbank action
Nigerian naira eased further against the U.S. dollar on the interbank on Wednesday despite the central bank’s direct intervention to calm the market and an increase in supply of the greenback at its bi-weekly foreign exchange auction. The naira ended at 162.95 to the dollar on the interbank on Wednesday, […]
