Naira/Dollar Rate Convergence Marks Major Shift
On Thursday, the foreign exchange (FX) market witnessed a significant development as the naira/dollar rate reached N1,520 in both the ...
Tag: NAFEM
Nigerian Naira Hits Lowest Level Against Dollar Since March
The Nigerian naira fell to its lowest value against the dollar since March 13, 2024, reaching 1,419.11 per dollar at ...
Naira Remains Stable Against US Dollar as Forex Trading Commences
The foreign exchange (FX) market kicked off the week with the Nigerian naira maintaining its position against the US dollar, ...
Nigerian Naira Hits Highest Level Since Devaluation
The Nigerian Naira has experienced a significant upswing, reaching its strongest position against the US dollar since its devaluation earlier ...
Nigeria Customs Sees Drop in Clearance Exchange Rate
The exchange rate utilized for cargo clearance and goods entry points by the Nigeria Customs Services (NCS) has experienced a ...
Naira Fluctuates Amidst Dollar Dynamics and Economic Indicators
In a volatile turn of events, the Nigerian Naira saw fluctuations in its value against the US dollar, influenced by ...
Naira-Dollar Exchange Plummets Despite Central Bank’s Efforts
The official exchange rate between the Nigerian naira and the US dollar witnessed a notable decline, falling by 2.04% to ...
CBN Bolsters FX Market with $20,000 Allocation to Each BDC
In a bid to rectify ongoing imbalances in Nigeria’s retail foreign exchange market, the Central Bank of Nigeria (CBN) has ...
Naira Surges Beyond N1500/$1 as Forex Turnover Declines
The Nigerian naira surged to an intra-day high of N1,582 against the US dollar on Wednesday, marking a significant peak ...
Naira Battles Strong Dollar Amidst Enhanced FX Liquidity
In a persistent struggle, the Naira hovers near its all-time low, defying efforts to stabilize it despite improved liquidity. Market ...
