Naira Depreciates to N1,665/$ in Parallel Market, Margins Widen
The Naira weakened further in the parallel market on Monday, trading at N1,665 per dollar, down from N1,660/$ recorded over ...
Tag: Naira
Naira Starts 2025 on a Weak Note, Trades at N1,541.36/$
The Nigerian naira began 2025 with a slight depreciation, closing at N1,541.36/$ on the first trading day of the year. ...
Currency Outside Banks Reaches Record N4.2 Trillion
Nigeria's currency outside the banking system has soared to an all-time high of N4.2 trillion as of October 2024, despite ...
A Twist of Fate: Why the Naira is Experiencing a Strong Recovery Across All Markets
The Nigerian naira has staged a remarkable recovery across all foreign exchange markets, appreciating significantly against major global currencies. This ...
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/€ ...
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 ...
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Naira Strengthens to N1,329.80 per Dollar Officially and N1,390 on Parallel Market
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