Nigeria’s naira firmed further against the U.S dollar on the interbank market on Wednesday, boosted by dollar sales by some unit of foreign banks and U.S. oil major Chevron, traders said. The local unit closed at 157.04 to the dollar on the interbank, stronger than 157.15 at Tuesday’s close. Traders […]
Tag: US Dollar
Naira drops on reduced dollar supply
The naira declined against the United States dollar on the inter-bank market, reaching a two-month low and capping the worst week in 12, as foreign inflows and oil company foreign-exchange sales were said to be limited. The local currency retreated 0.3 per cent to N158.525 a dollar, the lowest closing […]
Nigeria raises 129.8 bln naira in T-bills, yields drop
Nigeria has sold 129.83 billion naira ($825.37 million) in treasury bills with maturity ranging from three months to six months at lower yields, the central bank said on Thursday. The central bank sold 39.05 billion naira of 91-day paper at a yield of 12.75 percent, slightly lower than the 12.88 […]
