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All posts tagged "Naira FX"

  • Naira Strengthens To 9-Month High On CBN Regulation

    The Naira rallied to the strongest in more than nine months as commercial lenders sold dollars to comply with regulations on foreign-exchange holdings and foreign investors bought the nation’s debt. The currency of Africa’s biggest oil producer...

    • Posted August 16, 2012
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  • Naira Rallies To Highest In Nine Months As Banks Sell Dollars

    Nigeria’s naira gained to the strongest in more than nine months as lenders sold dollars to comply with central bank regulations on foreign-exchange holdings. The currency of Africa’s biggest oil producer climbed as much as 1 percent to 156.900...

    • Posted August 15, 2012
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  • 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 Third Day As Bank Sells Least Dollars In Three Weeks

    The naira fell for a third day against the dollar on the Nigerian interbank market after the central bank sold the lowest amount of U.S. currency in three weeks. The currency of Africa’s biggest oil producer retreated 0.4 percent to...

    • Posted August 2, 2012
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  • Naira Declines as Oil Prices Fall

    The naira declined, paring its first monthly gain in three against the dollar, as Nigeria’s benchmark crude blend retreated. The currency of Africa’s biggest oil producer, which has risen 1.3 percent this month, slipped 0.2 percent to 160.925 per...

    • Posted July 31, 2012
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  • Naira Depreciates as Inflation Rises

    Nigeria’s naira depreciated the most in almost a month after inflation accelerated. The currency of Africa’s biggest oil producer retreated as much as 1.4 percent, the biggest intraday decline since June 22, to 162.500 per dollar and traded...

    • Posted July 18, 2012
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  • Naira Gains For Second Day On Bank Supply, Dollar Sale Bets

    The naira strengthened for a second day, heading for the biggest gain in more than a week, as the central bank auctioned dollars and on speculation oil producers will sell the U.S. currency. The currency of Africa’s...

    • Posted July 4, 2012
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  • Naira Heads For 4-Month Low As Oil Drops

    The naira fell for a second day against the dollar, heading for the lowest in more than four months, as crude prices declined and foreign investors were said to sell naira debt. The currency of Africa’s biggest oil...

    • Posted June 4, 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 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 of 5:01 p.m. in Lagos...

    • Posted May 16, 2012
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