Nigeria’s exchange rate weakens to N1,625.88/$1, worst in six months
The exchange rate between the naira and the dollar fell to a six-month low of N1,625.88/$1 on the official NAFEM ...
Tag: FX turnover
FX turnover falls by 25% in August as official market struggles for liquidity, stability
The Nigerian official foreign exchange (FX) market experienced a marked decline in turnover in August, despite the initial Retail Dutch ...
FX turnover crashes by 21% in first two weeks of August amid CBN’s Retail Dutch Auction
The Nigerian official foreign exchange (FX) market experienced a marked decline in turnover during the first two weeks of August, ...
Nigeria records 55% increase in net FX flows to $25.4 billion in first six months of 2024
The Central Bank of Nigeria (CBN) has said that the results of its policy measures are becoming evident, with net ...
Nigeria’s exchange rate records best gain in two weeks, closes at N1,570/$1 on Thursday
The naira surged to N1,570/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window on Thursday, marking an increase of ...
Nigeria’s exchange rate closes at N1,603.80/$1 as naira hits worst level in four months
The naira has suffered further depreciation on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, closing at N1,603.80/$1 on Thursday, ...
Exchange rate crosses N1,600/$1 at parallel market, hits N1,630/$1 on online platforms
Parallel market operators are quoting a buy price above N1,600/$1 for holders of naira looking to buy dollars, as the ...
FX turnover rises by 40% this week as CBN boosts dollar supply
The Nigerian official foreign exchange (FX) market witnessed a significant increase in turnover, rising by 40% this week.
Nigeria’s official exchange rate crashes to N1,561, lowest level since March
The naira has suffered a significant depreciation on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, falling to N1,561.98/$1 on ...
Exchange rate drops to N1,500.79/$1, lowest level since May
The naira has weakened further against the US Dollar, falling to N1,500.79/$1 on the official market on June 25, 2024.
