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: NNPC
Nigeria oil output down 20 pct-officials
Nigeria has lost at least a fifth of its oil output in recent weeks due to severe flooding and oil theft, government oil officials said on Wednesday, in comments that helped push oil prices higher. Nigeria’s oil is exported to the United States, Asia and Europe and the current disruptions […]
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 […]
