Nigeria’s naira currency hit a 1-month high against the U.S dollar on the interbank market on Wednesday, supported by dollar flows from two multinational oil firms and offshore investors in local debt, traders said. The naira closed at 157.45 naira to the dollar on the interbank, compared with the 157.70 […]
Tag: US Dollars
Nigerian naira trades flat vs dlr on strong demand
Nigeria’s naira traded flat against the U.S. dollar at both the interbank and foreign exchange markets on Monday, as strong demand for the greenback soaked up liquidity from two oil firms and the central bank’s currency auction. The naira closed at 157.80 to the dollar, around the same level it […]
Nigeria naira firms after cbank rate decision
Nigeria’s naira firmed slightly against the U.S. dollar on Wednesday, a day after the central bank left interest rates on hold and said it would keep monetary conditions tight, dealers said. The central bank kept rates on hold for the sixth time in a row at 12 percent on Tuesday, […]
