The Nigerian naira weakened against the U.S dollar on the interbank market on Monday, on strong dollar buying by some importers unable to obtain funds at the bi-weekly foreign exchange auction, and thin dollar supply from oil companies. The naira closed at 158.40 to the dollar on the interbank market, […]
Tag: US Dollars
Nigerian naira firms on increased dollar flows
Nigeria’s naira strengthened against the U.S. dollar on the interbank market on Monday, supported by dollar sales by some local units of foreign banks selling to stay within their stipulated open position limits. The local currency closed at 157.90 to the dollar, the same level it was at last Wednesday […]
Nigerian naira firms as funds, banks sell dollars
Nigeria’s naira firmed against the U.S. dollar on the interbank on Wednesday, with large inflows from foreign investors buying short-tenored bonds and as banks sell the greenback to stay within a stipulated open position for them. The unit firmed to closed at 157.90 naira to the dollar, recovering from an […]
