nafem
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Nigeria Naira Strengthens: Surprising Surge to N1,260 per Dollar Rocks Foreign Exchange Market
Amidst fluctuations in Nigeria's foreign exchange market, the Naira demonstrated a surprising appreciation, climbing to N1,260 per dollar in the parallel market from N1,270 per dollar just a day prior. Additionally, in the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira saw a... -
Nigeria Naira Drops to N1,250/$ in Parallel Market, Raising Economic Concerns
In a concerning economic development, the Naira witnessed a significant depreciation to N1,250 per dollar in the parallel market, marking a notable drop from N1,240 per dollar over the weekend. Concurrently, the Nigerian Foreign Exchange Market (NAFEM) recorded a similar trend as the naira... -
Nigeria Naira Drops to N1,230/$ in Parallel Market, Inches Up to N872.59/$ Officially
The Nigerian Naira faced contrasting fates in currency markets. The parallel market recorded a depreciation, with the naira sliding to N1,230 per dollar, a slight dip from N1,225 per dollar the previous week. On the other hand, in the official Nigerian Foreign Exchange Market (NAFEM), the naira... -
Nigeria Naira Strengthens by 21.73%, Hits N780/$ in a Week
Nigerian Naira showcased a notable recovery, closing at N780.14 per dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday. This rate reflects a remarkable 21.73% rebound from the previous week's figure of N996. According to data from FMDQ Securities Exchange, a platform... -
Nigeria Naira Faces Sharp Depreciation, Closes at N996/$ at NAFEM
Nigerian Naira experienced a sharp depreciation of 13.95 percent, closing at N996 per dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the official exchange rate window. FMDQ Securities Exchange data revealed the Naira's tumultuous journey, reaching an intra-day high of N1,100...
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