By Esther Agbo The Nigerian Autonomous Foreign Exchange Fixing (NAFEX) market witnessed a significant surge in trading activity during the first six months of 2024, with foreign exchange (FX) turnover soaring by 35.79 percent to $52.78 billion. However, despite the…
Reports reaching Nigerian NewsDirect on Tuesday revealed that the Naira appreciated against the dollar significantly in some segments of the parallel market. A Bureau de Change operator who spoke to NewsDirect said he was trading a dollar to naira for…
The Naira depreciated further to N1,534/$ on Monday according to data on the Central Bank of Nigeria and FMDQ website. This is a landmark as it is the first time the dollar would be exchanging at over N1,500 since the…
