Nigeria’s naira traded flat against the U.S. dollar on the interbank on Wednesday as expectations of dollar inflows from energy companies and offshore investors buying local debt provided forex liquidity, dealers said. The naira closed at 157.10 to the dollar, the same level it closed on Tuesday. Dealers said the […]
Tag: Nigerian Naira
Nigeria naira hits 3-week high on offshore dollar sales
Nigeria’s naira currency hit a three week high against the U.S. dollar on the interbank market on Monday, supported by low demand for hard currency and dollar inflows from foreign banks. The naira closed at 157.05 to the dollar on the interbank, firmer than the 157.30, it closed at on […]
Nigeria naira firms slightly on Mobil dollar sales
The Nigerian naira strengthened slightly against the U.S dollar on the interbank market on Wednesday, supported by dollar sales by a unit of ExxonMobil and some offshore investors buying local debt. The naira closed at 157.30 to the dollar on the interbank market, firmer than the 157.35 to the dollar […]
