Thursday 29 January 2015

Nigerian naira falls sharply against dollar


Nigerian naira fell sharply against the dollar, shortly after the forex market opened on Thursday, a day after the interbank market soaked up a large dollar sale by the state-oil company.

The unit opened at 189.30 naira to the dollar and quickly fell 1.56 percent to 192.30 by 0841 GMT. The naira closed at 186 on Wednesday.

State-oil company NNPC on Wednesday sold around $350 million to some lenders, boosting interbank market dollar liquidity.

No comments:

Journalist Against Poverty Call for collaboration of regional government in the eradication of Female Genital Mutilation

Regional Coordinator of Journalist Against Poverty, Wale Elekolusi has called for the collaboration of regional government in stamping out ...