The Nigerian naira fell to its weakest in three weeks on the interbank market on Monday, as dollar demand by foreign exchange bureaux and importers outpaced supply of hard currency, traders said. The naira closed at 157.55 to the dollar on the interbank market, weaker than 157.40 to the dollar […]
Tag: Nigerian Naira
Nigeria naira firms on offshore investors’ dollar flow
Nigeria’s naira firmed against the U.S dollar on the interbank market on Wednesday, supported by dollar inflow from offshore investors buying local debt and waning demand for hard currency, traders said. The local unit strengthened to 157.25 to the dollar, firmer than the 157.39 it closed at on the previous […]
Analysts predict short, medium term stability for naira
Financial analysts have forecast a short to medium term stability in the exchange rate of the local currency to the United States dollar. Analysts at FSDH Securities, in a report released to our correspondent on Tuesday, said the naira would be firm for a while as a result of the […]
