WEEKAHEAD-FX: Naira seen steady against US Dollar as Foreign, Exporters boost liquidity


    Nigerian naira is seen stable next week after it firmed against the U.S. currency this week on improved dollar liquidity from foreign investors and exporters, traders said.

    The naira firmed to a high of 360.25 per dollar on the over-the-counter market this week, strengthening from 361 last week.

    At currency bureaus it was quoted at 360 and 307 on the official market, supported by the central bank.

    Traders say Nigerian treasury yields are attracting foreign investors, which they hope could boost liquidity and keep the currency stable in the coming week.