Dumisani Ngwenya News
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Nigeria’s naira climbed for a second day after the central bank sold the most dollars at its twice-weekly sales in eight months.
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Nigeria’s naira weakened a second day against the dollar as reduced demand for the West African nation’s bonds put pressure on the currency before a central bank meeting where the key rate will probably be maintained.
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Nigeria’s naira declined after inflation accelerated and foreign investments into the country’s bond market eased, according to Standard Bank Group Ltd.
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Nigeria’s naira rose, halting a five-day decline, as the central bank was said to have sold dollars directly to the market outside of its regular currency auctions.
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Nigeria’s five-year borrowing costs are poised to hit a record high at a debt auction tomorrow on concern inflation is climbing to the fastest in more than two years.
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Nigeria’s naira weakened, snapping two days of gains after the central bank sold the lowest amount of the U.S. currency in two weeks at an auction today.
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Nigeria’s naira climbed after the central bank kept dollar sales at the highest in three weeks and on speculation that oil companies sold the currency.
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Nigeria’s naira appreciated to its strongest level in sixteen weeks on lower demand for the dollar as the central bank sold the U.S. currency at a twice-weekly auction.
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Nigeria’s naira weakened for a second day after the central bank sold the least dollars in a month at an auction and as oil-company sales were said to wane.
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Attacks by Islamic militants in Nigeria that killed at least 256 people in the northern city of Kano are challenging President Goodluck Jonathan’s government a week after a nationwide strike paralyzed the economy.
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