Tag: Nigerian Naira

Nigerian naira falls on strong dollar demand

Nigeria’s naira currency eased marginally against the U.S dollar on the interbank market on Monday after a sudden dollar buying pressure from a lender depressed liquidity in the market, traders said. The naira closed at 157.15 to the dollar on the interbank, weaker than the 157.10 to the dollar on […]

Nigerian naira firms further on dollar sales by oil major, banks

Nigeria’s naira firmed further against the U.S dollar on the interbank market on Wednesday, boosted by dollar sales by some unit of foreign banks and U.S. oil major Chevron, traders said. The local unit closed at 157.04 to the dollar on the interbank, stronger than 157.15 at Tuesday’s close. Traders […]

Nigerian naira rises to 4-week high vs dollar

Nigeria’s naira currency rose against the U.S. dollar to its strongest in more than four weeks on the interbank market, supported by dollar liquidity flows from four energy companies, traders said. The naira closed at 157.10 to the dollar on the interbank market, firmer than the 157.38 it closed on […]