The Nigerian naira NGN=D1 was largely stable against the U.S dollar on the interbank market on Thursday, helped by increased forex inflows from some oil firms, traders said.
The central bank sold $250 million at 148.61 naira to the dollar at its forex auction on Wednesday compared to a demand of $271.24 million, and to the same $250 million it sold at 148.60 naira a dollar on Monday.
But the shortfall in dollar supply by the central bank was bridged by the inflow of $345 million from four energy firms, state-run oil firm NNPC, Chevron, Total and Addax in the week.
More on 234Next
Loading ...