The Nigerian naira weakened further on Wednesday on the back of strong demand for the dollar even as the central bank pledged that it had no plans to devalue the local currency. The naira fell to 163.6 to the dollar on the interbank compared with 162.95 a dollar the previous […]
Tag: NNPC
Nigeria naira eases on dollar demand, liquidity
The Nigerian naira eased against the U.S. dollar on the interbank market on Monday, reflecting strong demand for the greenback from importers, traders said. The naira closed at 157.40 to the dollar, weaker than Friday’s close of 157.30 naira. At a foreign exchange auction on Monday, the central bank […]
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 […]
