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Naira Gains First Day In Two Weeks As Bank Sells Dollars

The naira strengthened for the first time in two weeks after Nigeria’s central bank sold the most dollars in almost two months to support the country’s currency. The currency of Africa’s largest oil producer ...

Naira Falls to Weakest in Two Months on Inflation Concern

Nigeria’s naira depreciated to the weakest in two months against the dollar after the country’s inflation accelerated. The currency of Africa’s largest oil producer declined 0.1 percent to 158.125 per dollar as ...

Naira Strengthens as Rising Foreign Reserves Boost Confidence

Nigeria’s naira is heading for a week high against the dollar as the country’s foreign reserves increase, adding to confidence that the central bank can maintain currency stability. The naira strengthened 0.1 ...

Naira Climbs to Highest in 5 Weeks After Central Bank Sale

The naira strengthened to its highest in more than five weeks after the central bank sold dollars to lenders. The currency of Africa’s biggest oil producer appreciated 0.1 percent to 157.36 per dollar ...

Naira Weakens First Time in Three Days After CBN Limits Sales

The naira, yesterday, weakened for the first time in three days after the central bank reduced its supply of dollars just as oil companies are increasing their demand. The currency of Africa’s biggest oil producer ...

Naira Falls First Day in Four as Dollar Demand Outweighs Supply

The naira weakened for the first time in four days as demand for dollars from oil importers and businesses outweighed supply. The currency of Africa’s biggest oil producer declined 0.1 percent to 157.5975 ...

Nigeria’s Naira Moves Between Gains and Losses Against Dollar

The naira moved between gains and losses against the dollar on the interbank market. The currency of Africa’s biggest oil producer weakened less than 0.1 percent to 157.665 per dollar as of 1:20 p.m., ...

Nigeria Naira Climbs as Dollar Sales Outweigh Inflation Concern

Nigeria’s naira climbed against the dollar, erasing earlier losses, as oil industry dollar sales outweighed speculation that a rise in the inflation rate would weigh on the local currency. The currency of Africa’s ...

Naira Exchange Rate Rebounds to Strongest Levels in 2 Months

The Naira exchange rate appreciated to the strongest in more than two months after the central bank sold dollars to lenders. The naira appreciated 0.4 percent to 159.45 per dollar as of ...

Naira Declines for Third Day on Interest Rate Bets

Nigeria’s naira weakened against the dollar for the third day on speculation the nation’s central bank will probably leave its benchmarkinterest rate unchanged. The currency of Africa’s biggest oil producer depreciated 0.2 percent to ...