Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-World Total Foreign Exchange Holdings has hit N10.9 trillion from 1995 to 2012 according to data obtained from the International Monetary Fund (IMF) Statistics Department Currency Composition of Official Foreign Exchange Reserves (COFER) and International Financial Statistics (IFS). According to the IMF, the statistics last updated […]
Tag: US Dollar
Nigerian Naira Heads for 2-Week High on Oil Industry Supply Bets
The naira gained for a third day and headed for its strongest in more than two weeks on speculation that Nigerian oil producers will sell dollars to meet month-end expenses before a currency auction today. The currency of Africa’s second-biggest economy rose less than 0.1 percent to 158.15 per dollar […]
Naira Falls to One-Week Low as Bank Dollar Sales Miss Demand
The naira depreciated for a second day and headed for lowest in a week as the central bank offered fewer dollars than buyers expected at an auction yesterday and as investors’ demand for Nigerian debt waned. The currency of Africa’s biggest oil producer fell as much as 0.2 percent to […]
