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All posts tagged "Naira exchange rate"

  • Naira Heads For Longest Losing Streak Since May On Import Demand

    The naira declined for a fifth day, the longest losing streak since May, as companies bought dollars to pay for imports and analysts speculated that the state-oil company will limit supply of the U.S. currency. The naira...

    • Posted August 6, 2012
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  • Naira Falls as Crude Oil Price Declines

    The naira weakened, snapping three days of gains against the dollar as crude, Nigeria’s key export, retreated in New York and London. The currency of Africa’s biggest oil producer depreciated 0.1 percent to 160.84 per dollar as...

    • Posted July 11, 2012
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  • Naira Strengthens First Day In Four On Dollar Sales

    Nigeria’s naira appreciated for the first time in four days as the central bank sold dollars and gains by pro-bailout parties in Greek elections boosted demand for riskier assets. The currency of Africa’s biggest oil producer gained...

    • Posted June 19, 2012
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  • Naira Strengthens First Time In Three Days On Currency Sale Bets

    The naira appreciated the first time in three days on speculation central bank will increase dollar sales to support the currency. The currency of Africa’s biggest oil producer strengthened 0.1 percent to 162.87 per dollar as of 1:29 p.m. in...

    • Posted June 11, 2012
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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 appreciated 0.1 percent to 158.80...

    • Posted May 18, 2012
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  • 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 2.20 p.m. in Lagos, the...

    • Posted February 8, 2012
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  • CBN, Oil Majors Meet Dollar Demand, Causes FX Rate Stability

    According to data from the CBN website, the apex bank supplied $200 Million at its bi-weekly auction yesterday. This was in fulfillment of the entire demand of $ 200 Million required by participants in the auction. This...

    • Posted December 1, 2011
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