Naira Gains
The naira firmed against the U.S dollar on the interbank market today.
The naira closed at N161.55k to the dollar, firmer than N162.70k to the dollar at Tuesday's close. Traders said shell sold around $100 million, while NLNG sold $15 million to some banks, boosting dollar liquidity in the market and providing support for the naira.
On the official window, the Central Bank sold $250 million at N156.85k to the dollar.
The central bank however did not disclose the amount of dollar demanded at its bi-weekly auction.
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