The Nigerian naira firmed against the U.S. dollar on the interbank market on Wednesday, supported by foreign exchange inflows from offshore investors ahead of a bond auction. The naira closed at 158.20 to the dollar, higher than the 158.55 naira it closed on Tuesday. The central bank sold $200 million […]
Tag: US Dollar
Nigerian naira firms as oil company, banks sell dollars
Nigeria’s naira firmed against the U.S. dollar on the interbank market on Wednesday, supported by dollar sales by an oil company and some banks towards the close of trading. The naira closed at 158.05 to the dollar on the interbank market, stronger than the 158.15 it closed at the previous […]
Nigerian naira eases on importers’ dollar demand
The Nigerian naira eased against the U.S. dollar on the interbank and the bi-weekly foreign exchange auction on Wednesday as strong demand for the greenback from importers exerted pressure on the local currency. The naira closed at 160.90 to the dollar on the interbank market, compared with Tuesday’s close of […]
