Nigeria’s naira firmed against the U.S. dollar on the interbank market on Wednesday, supported by dollar sales by an oil company and some banks towards the close of trading. The naira closed at 158.05 to the dollar on the interbank market, stronger than the 158.15 it closed at the previous […]
Tag: Nigeria’s Naira
Nigeria naira, bond yields up after cbank moves
Nigeria’s naira firmed 1.5 percent against the U.S. dollar and bond yields climbed 0.5 percent on Wednesday, a day after the central bank took measures to stabilise the weak local currency, which is adding to inflation pressure. The central bank left its benchmark interest rate on hold at 12 percent […]
Nigerian Naira Strengthens the Most in Two Weeks on Dollar Sales
By Emele Onu, Bloomberg Nigeria’s naira strengthened the most in two weeks after the central bank and oil companies sold dollars. The currency of Africa’s top oil producer appreciated 0.5 percent to 162.1050 per dollar in the interbank market as of 3:29 p.m. in Lagos, the biggest gain on a […]
