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ROYAL DUTCH SHELL A (RDSA)

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Royal Dutch Shell A : InterBank Forex Market: Naira Ends 1.6 Per Cent Lower Against Dollar

01/31/2015 | 11:01am US/Eastern

The naira traded at around N191 on Thursday, prompting the Central Bank of Nigeria (CBN) to intervene, which helped lift it to 185.20. But it then finished weaker compared with its close of 186 on Wednesday after demand surged.

One dealer traded the naira at a one-off rate of 194.10 during the midday session.

Dealers said Royal Dutch Shell had sold an undisclosed amount of dollars on Thursday, adding that liquidity from state oil company NNPC’s $350 million sale on Wednesday was still in the market.

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(c) 2014 The Jerusalem Post Provided by SyndiGate Media Inc. (Syndigate.info).

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