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All posts tagged "Naira FX"

  • Naira Slips On Interbank Auction As CBN Auction Suspension Lingers

    The Naira fell further against the dollar this week at the inter-bank market as a result of the Apex bank’s suspension of its bi-weekly currency auctions. According to Bloomberg data, the Naira slipped 0.3 percent to N156.7 per...

    • Posted January 4, 2013
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  • Naira Dips on Low CBN Dollar Sales

    Africa’s biggest crude oil producer’s currency the ‘naira’ declined in transaction by 0.4% to $157.4 as  at 4.30pm yesterday in Lagos the biggest since October 5. This according to Bloomberg has been rated the second-best performance   in Africa. It...

    • Posted November 6, 2012
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  • Naira Gains on Investor Inflows, Oil Industry Supply

    The naira strengthened as offshore investors bought the nation’s short-term debt and oil companies sold dollars to lenders. The currency of Africa’s largest oil producer gained less than 0.1 percent to 157.20 per dollar as of 11:09 a.m....

    • Posted October 30, 2012
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  • Naira Snaps Three Days of Declines as Crude, Reserves Advance

    The naira climbed against the dollar, snapping three days of declines as crude prices and the nation’s foreign exchange reserves, increasing confidence the central bank can manage its stability. The currency of Africa’s biggest oil producer rose...

    • Posted September 13, 2012
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  • Naira Weakens on Strong Greenback Demand

    The naira eased against the U.S. dollar on the interbank market on Monday after a surge in demand by one lender buying the greenback for its customers, dealers said. The local currency closed at 157.80 naira to...

    • Posted September 11, 2012
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  • Naira Pares Drop As Economic Expansion Quickens

    The naira pared a decline to the weakest level in three weeks after a report showed economic growth accelerated in the second quarter. The naira was unchanged at 158.1 per dollar as of 4:41 p.m. in Lagos,...

    • Posted September 4, 2012
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  • Naira Heads For Best Month In Six As Oil Companies Sell Dollars

    The naira gained, heading for its best monthly performance since February, as oil companiessold dollars and on continued inflows into Nigeria’s sovereign debt market. The currency of Africa’s biggest oil producer appreciated as much as 0.2 percent and traded 0.1...

    • Posted August 31, 2012
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  • Naira firms on Oil company, Banks Dollars Sale

    The naira firmed against the U.S. dollar on the interbank market on Wednesday, supported by dollar sales by an oil company and some banks towards the close of trading. The naira closed at 158.05 to the dollar on...

    • Posted August 30, 2012
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  • Naira firms on increased dollar flows

    The 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...

    • Posted August 28, 2012
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  • Naira Weakens To Lowest In Week On Dollar Demand

    Nigeria’s naira depreciated to the lowest in more than a week as dollar demand increased after the end of public holidays before a central bank auction. The currency of Africa’s biggest oil producer declined 0.3 percent to 158.23...

    • Posted August 23, 2012
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