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Markets

Nigeria naira firms 0.6pc in a week as funds buy bonds

LAGOS: Nigerian naira gained 0.55 percent in a week to 361 against the U.S. dollar as foreign funds shrugged off the
Published February 7, 2019 Updated February 7, 2019 09:12pm
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By Imad UddinReuters
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LAGOS: Nigerian naira gained 0.55 percent in a week to 361 against the U.S. dollar as foreign funds shrugged off the risk of forthcoming elections to buy government treasuries, traders said on Thursday.

The currency was quoted at between 362.50 and 363 a week ago on the over-the-counter market, traders said.

Copyright Reuters, 2019
 

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