Naira Strengthens Against Euro at Parallel Market Amid Forex Reforms
The Nigerian naira has recorded notable gains against the euro in the parallel market, trading at N1,690/€, compared to N1,852/€ ...
Tag: Naira
Naira Strengthens to N1540/$ Further as EFEMS Enhances Transparency
The Nigerian naira appreciated against the dollar for the third consecutive day on the Enhanced Foreign Exchange Market System (EFEMS), ...
Forex Turnover in NAFEM Soars 61% to $43 Billion Amid Naira’s Mixed Performance
The Nigerian Foreign Exchange Market (NAFEM) recorded a significant increase in dollar trade volume, with turnover rising by 61.9% year-on-year ...
Naira Weakens to 1690.37/$ as Dollar Supply Declines
The naira experienced a sharp depreciation on Monday, dropping 2.31% to 1690.37/$ at the National Autonomous Foreign Exchange Market (NAFEM), ...
Naira Falls to N1,740 per Dollar in Parallel Market Amid Rising Dollar Turnover
The Nigerian naira has dropped to N1,740 per dollar in the parallel market, a decline from the rate of N1,725 ...
Naira Hits Record Low of N1,681 per Dollar as Exchange Rate Pressures Mount
The Nigerian naira reached an unprecedented low of N1,681 per U.S. dollar on the official Investor and Exporter (I&E) window ...
Naira Weakens in Official Market Amid U.S. Dollar Recovery
The Nigerian Naira experienced a slight decline in value at the official foreign exchange market on October 30, 2024, coinciding ...
Naira Falls as FX Turnover Declines by 71% Amidst Market Pressure
The Nigerian naira weakened further on Monday, sliding to ₦1,670.75 per dollar in the official market and ₦1,748 per dollar ...
CBN Governor Reports Sharp Decline in Market Volatility Due to FX Reforms
Central Bank of Nigeria (CBN) Governor Yemi Cardoso has highlighted a notable decline in market volatility, which he attributes to ...
Naira Shows Mixed Performance: Gains in Official Market, Slight Decline in Parallel Trading
The Nigerian naira exhibited a mixed performance recently, with movements indicating both strength and vulnerability across official and parallel markets. ...
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