The Nigerian naira fell to its lowest in a week against the U.S dollar on the interbank market on Tuesday, as strong dollar demand outpaced thin supply from an oil company and some offshore investors into local debt. The naira closed at 157.75 to the dollar, weaker than the 157.55 […]
Tag: US Dollar
Naira Falls Most in Three Weeks on Dollar Shortage: Lagos Mover
The naira weakened for a second day on the Nigerian interbank market, heading for its biggest fall in three weeks, as import demand for dollars exceeded supply. The currency of Africa’s top oil producer fell 0.4 percent to 158.18 a dollar as of 11:33 a.m. in Lagos, the commercial capital, […]
Nigeria’s naira eases on strong dollar demand
Nigeria’s naira eased against the U.S. dollar on the interbank market on Monday after a surge in demand by one lender buying the greenback for its customers, dealers said. The local currency closed at 157.80 naira to the dollar, weaker than Friday’s close of 157.55 naira. The naira had firmed […]
