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 […]
Tag: Traders
Nigeria issues 75 bln naira in bonds, yields up slightly
Nigeria sold 75 billion naira ($476.10 million) worth of 5-, 7- and 10-year sovereign bonds maturing in 2017, 2019 and 2022 at an auction on Wednesday, with yields inching up by just more than 70 basis points. Nigeria, sub-Saharan Africa’s second biggest bond market was included in the JP Morgan’s […]
Nigerian naira pressured by strong dollar demand
Nigeria’s naira closed flat against the dollar in the interbank market and weakened slightly on the official foreign exchange window on Wednesday as strong dollar demand kept pressure on the local currency, traders said. The naira closed at 157.60 to the dollar at the interbank market on Wednesday, the same […]
