The naira slipped against the United States dollar at the interbank segment of the forex market Monday as demand for the greenback surpassed its supply. Specifically, the naira fell by 58 kobo at the interbank as it closed at N157.40 to a dollar Monday, compared with the N156.82 to a […]
Tag: US Dollar
Nigerian inter-bank rates flat on mature T-bills
Nigerian interbank lending rates were flat at an average of 12 per cent last week as a slowdown in foreign exchange demand and the repayment of mature treasury bills boosted naira liquidity. The Central Bank of Nigeria sold a combined $95m to lenders at its two auctions this week, far […]
Nigerian naira trades flat against dollar on inflows
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 […]
