The naira slumped marginally against the United States dollar on Friday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the domestic currency traded at N1, 485.53/$1 on Friday. At the end of trading today, the naira lost…
…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 astonishing 231.99 percent on May 24, 2024. This development coincides with the Central Bank…
The Naira had a bad day in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, January 12 as its value fell by 1.8 percent or N15.66 against the US Dollar to N890.45/$1 from the preceding day’s N874.79/$1, according to…
The Nigerian Naira experienced a significant drop against the US Dollar in the first trading session of the week, marking its first major decline across the foreign exchange market segments since the Central Bank of Nigeria began clearing forex backlogs…
By Sodiq Adelakun On Friday, October 27, the Nigerian Naira gained ground against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) amid growing expectations that a much-needed boost in liquidity is on the horizon. According to reports,…
The Central Bank of Nigeria (CBN) has recently made a notable announcement regarding the Nigerian Foreign Exchange (FX) market. In a market notice, the CBN stated that it will be changing the terminology used in reference to the Investors’ and…
