The Nigerian naira was flat against the U.S dollar on the interbank market and firmed marginally at the central bank’s bi-weekly auction on Monday with traders expecting the local currency to build on recent gains later this week. The naira traded at 160.90 naira to the dollar in thin trade […]
Tag: US Dollars
Nigerian Naira Strengthens the Most in Two Weeks on Dollar Sales
By Emele Onu, Bloomberg Nigeria’s naira strengthened the most in two weeks after the central bank and oil companies sold dollars. The currency of Africa’s top oil producer appreciated 0.5 percent to 162.1050 per dollar in the interbank market as of 3:29 p.m. in Lagos, the biggest gain on a […]
Nigeria naira firms as oil firms, Cbank sell dollars
Nigeria’s naira firmed against the greenback on the interbank market on Wednesday, after dollar sales by the central bank and two oil firms boosted liquidity amid lacklustre demand, traders said. The naira ended at 162.75 to the U.S. dollar on the interbank on Wednesday, firmer than the 163.16 it closed […]
