Naira falls hard to N1,329.65/$1 as gaining momentum fades
The naira suffered a significant depreciation on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, falling to N1,329.65/$1 on Wednesday, ...
Tag: NAFEM
Exchange rate gains tied to $1.3 billion maturing NDFs, CBN’s interventions
The naira has experienced consecutive double-digit appreciation on the official market, and sources say that the Central Bank of Nigeria ...
Naira records biggest appreciation in four months to N1,173.88/$1
The naira surged N1,1173.88/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window on Tuesday, marking an increase of 14.09% ...
FX turnover surges by 231.99% as CBN raises N1.16 trillion from OMO bill auction
Nigeria’s foreign exchange market has seen the turnover on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window surge by an ...
FX turnover drops by 53.97%, as investors react to MPC rate hike
The Nigerian Naira displayed a marginal appreciation against the US dollar on the official market, despite a significant decline in ...
FX rate for Customs duty collections crosses N1500/$, highest in seven weeks
The exchange rate for customs duty collections has risen to N1502.1/$, the highest in seven weeks going back to March ...
Naira loses grip in black market as U.S dollar takes front foot
The U.S dollar index was back on the front foot on Wednesday, making modest gains after earlier losses from renewed ...
Naira weakens further to N1,410/$1 in parallel trading amid aggravated demand
The Nigerian Naira weakened further to N1,410/$ in the unofficial market on Friday afternoon as traders saw an aggravated demand ...
Naira opens May with slight decline, trades at N1,360/$ in parallel market
The Naira opened the month of May on a negative note, trading at N1,360/$ at the parallel market, representing a ...
Exchange rate falls to N1,419/$1 in official market, worst since March
The Nigerian Naira saw a notable increase in value against the US dollar in the parallel market, reaching N1,350. This ...
