<

Nigeria’s Naira Now 363 Per Dollar

The Nigerian currency on Wednesday, made a marginal gain, thus closing at 363 per United States dollar.

The naira had closed at 364/dollar on Tuesday, up from 365/dollar recorded on Friday.

This is coming barely three days after the Central Bank of Nigeria intervened in the inter-bank foreign exchange market with the sale of $195m.

Meanwhile, the Federal Government is planning to raise between N270bn and N330bn in local currency-denominated bonds in the fourth quarter, according to the Debt Management Office.

In its latest issuance calendar, the debt office said the bonds would be re-opened from previously issued debt.

The Federal Government is expecting a shortfall of $7.5bn for its 2017 budget, which it is planning to raise in foreign loans from the World Bank, offshore and domestic markets.

 

Dailypost

About Anstalk News

Anstalk.com -Anambra News - Top Nigerian news - Breaking news - Top news headlines from Anambra and Nigeria. Reaching every point

Leave a Reply

Your email address will not be published. Required fields are marked *

HTML Snippets Powered By : XYZScripts.com