• Latest News

    Nigeria’s Naira Gains After Central Bank Dollar Sales


    Nigeria's naira closed firmer on the interbank market on Monday after the central bank sold dollars to some commercial lenders towards the end of a session that featured no trades in the first four hours, traders said.

    The naira closed at 305.50 to the dollar, 0.81% firmer than its Friday close.

    Traders said the central bank selectively sold dollars to commercial lenders just before the market close.

    "The central bank came to the market toward the close, and sold dollars to only few banks, which helped to support the naira," a trader said.

    The central bank has been selling dollars almost daily to boost liquidity and support the naira.
    • Blogger Comments
    • Facebook Comments

    0 comments:

    Post a Comment

    Item Reviewed: Nigeria’s Naira Gains After Central Bank Dollar Sales Rating: 5 Reviewed By: 234Today Screen 234Today Screen
    Do You Have Articles, Advert Or Music You Want To Promote... Contact Us:- Whatsapp/Call: +2348143045485, BBM: 590B1DC3, Email: [email protected]
    Scroll to Top