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 ...
Tag: NAFEM Window
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.
New CBN circular permits IMTOs to sell FX directly on Nigeria’s official window
The Central Bank of Nigeria (CBN) has permitted eligible International Money Transfer Operators (IMTOs) to sell foreign exchange (FX) on ...
Naira trades within narrow range as FX turnover surges by 138.67%
The naira exhibited signs of moderate stability as foreign exchange (FX) turnover surged by 138.67% on the Nigerian Autonomous Foreign ...
Naira hits three-week low at N1,488.60/$1 on official market
The naira depreciated to its lowest level in three weeks on the official market on Wednesday, June 5, 2024.
Naira stays flat at N1,476.95/$1 on official market as FX turnover nearly doubles
The naira has shown some form of stability against the US dollar on the NAFEM window, closing at N1,476.95/$1 on ...
Naira ends turbulent May at N1,485.99/$1 on official market
After two days of substantial depreciation in a week characterized by significant volatility in the foreign exchange market, the naira ...
Naira drops to N1,402.67 in latest official market trading
In the opening trading session of May at the NAFEM window, the Naira experienced a slight decline, settling at N1,402.67 ...
Exchange rate falls to N1,419/$1 in official market, worst since March
The Nigerian Naira saw a notable increase in value against the US dollar in the parallel market, reaching N1,350. This ...
ABCON asks CBN to bar non-oil export domiciliary account holders from accessing FX from official window
The Association of Bureau De Change Operators of Nigeria (ABCON) has requested that the Central Bank of Nigeria (CBN) prevent ...
