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, Nigerian naira fell sharply against the US dollar,
Reuters informs.
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.
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.
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