Nigeria’s naira currency hit a three week high against the U.S. dollar on the interbank market on Monday, supported by low demand for hard currency and dollar inflows from foreign banks. The naira closed at 157.05 to the dollar on the interbank, firmer than the 157.30, it closed at on […]
Tag: US Dollars
Special Report: Loopholes Revealed In The Ribadu Committee Report Makes Passing PIB Imperative
Nigeria can block loopholes that have cost the federal government tens of billions of dollars in oil and gas revenue if the National Assembly approves the new Petroleum Industry Bill (PIB). Nigeria’s first female Petroleum Minister, Mrs. Diezani Alison-Madueke had in the first quarter of the this year commissioned a Petroleum […]
Nigeria naira falls to 3-week low, seen gaining
The Nigerian naira fell to its weakest in three weeks on the interbank market on Monday, as dollar demand by foreign exchange bureaux and importers outpaced supply of hard currency, traders said. The naira closed at 157.55 to the dollar on the interbank market, weaker than 157.40 to the dollar […]
