NAFEM

How EFEMS Transparency Fuels Naira Demand In Parallel Market

Naira Remains Stable At N1,483/$1, Traders Express Cautious Optimism

The naira remained stable at N1,483.62 per US dollar on Monday, at the Nigerian Autonomous Foreign Exchange Market, as reported by FMDQ Securities Exchange Limited. This marks a marginal strengthening of 0.02

Emmanuel Ochayi

6 months ago

Business·Latest News·Markets

Naira Slips To N1,421/$1 At Official Markets, Analysts Warn Of Lingering FX Instability

The Naira took a slight dip on Wednesday, closing at N1,421/$ at the Nigerian Autonomous Foreign Exchange Market (NAFEM). This marks a 1.27 percent drop from the previous day’s rate of N1,403/$,

Emmanuel Ochayi

8 months ago

Business·Latest News·Markets

Naira Depreciates Further, Trades At N1,402 Against US Dollar

The naira continued its downward trend, losing value against the US dollar on Thursday at the official market. According to data from the FMDQ exchange securities, the naira depreciated by N12 or

Emmanuel Ochayi

8 months ago

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th October 2024

Business·Currency

Naira’s Winning-streak Continues As Value Rises To N1,382/$1 At Official Market

Nigeria’s currency, the naira has continued to rise in value, trading at N1.382.95/$1 at the official market on Tuesday, 26 March 2024.

Victor Ezeja

9 months ago

Business·Currency

Forex: Naira Ends Week On A Positive Note With N1,431/$ At Official Market

Nigeria’s currency, the naira, that has been depreciating in value for months in the foreign exchange market, ended this week on a positive note at rate of N1,431.49 against one US Dollar

Victor Ezeja

9 months ago

What Naira's Continuous Depreciation Means For Nigerians This Festive Season

Business·Latest News·Markets

NAFEM Sees 56% Drop In Transactions As Naira Hits N1,480 Amid Rising Demand for Dollars

In a turn of events, the Nigerian Autonomous Foreign Exchange Market (NAFEM) witnessed a significant 56% decline in transaction value, plummeting from $465.29 million on Tuesday to $203.93 million on Wednesday, as

Emmanuel Ochayi

11 months ago

Business·Currency·Latest News

Naira Depreciates To N1,233/$ In Parallel Market, Registers Tepid Movement Across Forex Platforms

In the currency exchange market's dynamics, the Naira traded N1,233 against the US dollar at the parallel market on Monday, as affirmed by Bureau de Change (BDC) operators.

Emmanuel Ochayi

12 months ago

Business·Currency·Latest News

Naira Inches Up Marginally To N888/$1 In Official Market

The Nigerian Naira showcased a slight but noteworthy gain against the dollar on Monday, 18th December 2023, demonstrating fluctuations in both official and parallel markets. Registering a 0.17% appreciation, the currency closed

Emmanuel Ochayi

1 year ago

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Naira Remains Stable At N1,483/$1, Traders Express Cautious Optimism

Naira Slips To N1,421/$1 At Official Markets, Analysts Warn Of Lingering FX Instability

Naira Depreciates Further, Trades At N1,402 Against US Dollar

Naira’s Winning-streak Continues As Value Rises To N1,382/$1 At Official Market

Forex: Naira Ends Week On A Positive Note With N1,431/$ At Official Market

NAFEM Sees 56% Drop In Transactions As Naira Hits N1,480 Amid Rising Demand for Dollars

Naira Depreciates To N1,233/$ In Parallel Market, Registers Tepid Movement Across Forex Platforms

Naira Inches Up Marginally To N888/$1 In Official Market

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