Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM), the official platform for foreign exchange trading, revealed a significant appreciation of the domestic currency...
The Naira experienced a decline against the US Dollar in the official market, concluding the week at N1,665.50/$1, amid sustained demand pressures that continued to exert...
Despite the Central Bank of Nigeria (CBN) implementing various policies aimed at bolstering the supply of foreign exchange, the Naira has continued with its yo-yo...
The parallel market exchange rate has experienced a significant decline, plummeting to a record low of N1960 per Euro, driven by persistent demand pressures that continue...
The naira, on Wednesday, reversed its depreciation trend, strengthening to N1,860 at the parallel section of the market. This represents an appreciation of N40 or 2.11...
The recent decline in the Naira’s value across official and parallel markets has prompted suggestions from financial experts to mitigate currency volatility and prevent further depreciation....
The naira crossed the N1,800 mark at the parallel market, where forex is unofficially traded, with the exchange rate quoted at N1,825/$1, as against the N1,710...
Naira hit a new all-time low on Tuesday, February 20, trading at N1,825 to a dollar. This comes barely 24 hours after the local currency...
The parallel section of the foreign exchange market recorded a new all-time low on Monday after the naira depreciated to N1,730 per dollar. The...
The Naira experienced a decline against the US Dollar in the official market, closing the week at N1,537.96/$1, amidst persistent demand pressures that continued to undermine...
