Nigeria’s naira eased against the U.S dollar on the interbank market but was stable at the central bank’s foreign exchange auction on Monday, as demand for the greenback by importers and foreign firms remitting dividends outweighed dollar sales by oil companies. Traders said the naira closed at 163.10 to the […]
Tag: US Dollars
Naira strengthens on oil companies’ dollar sales
The naira currency firmed against the United States dollar on the inter-bank foreign exchange market on Wednesday, supported by large dollar sales by units of two energy multinational companies and a slowdown in demand. The naira closed at N162.55 to the dollar on the inter-bank market, slightly higher than the […]
Naira: Oil firms’ dollar sales boost liquidity
The naira traded flat against the United States dollar at the inter-bank market on Monday as oil firms’ greenback sales boosted liquidity in the market. The naira recovered to N162.87 against the dollar on Monday, after it touched N163.20 in early trade. The naira had closed at N162.82 to the […]
