FX turnover drops by 53.97%, as investors react to MPC rate hike
The Nigerian Naira displayed a marginal appreciation against the US dollar on the official market, despite a significant decline in ...
Tag: NAFEM
FX rate for Customs duty collections crosses N1500/$, highest in seven weeks
The exchange rate for customs duty collections has risen to N1502.1/$, the highest in seven weeks going back to March ...
Naira loses grip in black market as U.S dollar takes front foot
The U.S dollar index was back on the front foot on Wednesday, making modest gains after earlier losses from renewed ...
Naira weakens further to N1,410/$1 in parallel trading amid aggravated demand
The Nigerian Naira weakened further to N1,410/$ in the unofficial market on Friday afternoon as traders saw an aggravated demand ...
Naira opens May with slight decline, trades at N1,360/$ in parallel market
The Naira opened the month of May on a negative note, trading at N1,360/$ at the parallel market, representing a ...
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 ...
Naira continues decline at official window, rebounds by 2.14% at parallel market
The Nigerian naira continued its downward trend against the US dollar at the official exchange window, closing at N1,309.88 on ...
Naira dips to N1,450 in rapid decline, 8.28% drop during trading hours
The naira experienced a decline on Thursday afternoon, falling to N1,450 per dollar in the parallel market.
CBN’s policy on harmonization of reporting spurred increased activity in NAFEM – Prof. Adegbemi Onakayo
Prof. Onakoya has stated that the recent CBN's circular on Harmonisation of Reporting Requirements on Foreign Currency Exposures of Banks ...
Official exchange rate strengthens to N1,300/$1, best in 8 weeks
The exchange rate between the Naira and the Dollar closed at N1,300/$1 on Wednesday on the official NAFEM window, marking ...
