Financial analysts have forecast a short to medium term stability in the exchange rate of the local currency to the United States dollar. Analysts at FSDH Securities, in a report released to our correspondent on Tuesday, said the naira would be firm for a while as a result of the […]
Tag: US Dollar
Nigeria naira flat vs dlr as demand matches supply
Nigeria’s naira currency closed unchanged against the U.S dollar on the interbank market and firmed marginally at the official window on Monday, as dollar sales by oil companies comfortably met rising dollar demand in the market. The naira closed flat at 157.15 to the dollar on the interbank. Traders said […]
Nigeria naira firms to 2-week high vs dollar
The Nigerian naira firmed to its strongest in two weeks against the U.S dollar on the interbank market on Wednesday, supported by dollar sales by a unit of Chevron, traders said. The currency closed at 157.20 to the dollar on the interbank, firmer than the 157.35 to the dollar it […]
