nafem exchange rate
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Nigeria Naira Strengthens to N1,725 per Dollar in Black Market as Official Rate Falls
The naira appreciated to N1,725 per dollar in Nigeria’s parallel market but depreciated to N1,676.9 in the official Nigerian Autonomous Foreign Exchange Market (NAFEM). Turnover in the official market dropped by 15.6%, with the rate gap narrowing. The naira appreciated in Nigeria’s parallel...- Nigeria News
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- 2 min read
- nafem exchange rate naira appreciation naira exchange rate nigeria foreign exchange market nigerian parallel market
- Category: Business
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![Today's Naira Rate[01-11-2024]: Naira Declines to N1,735/$ in Parallel Market as Rate Gap Widens](/data/attachments/209/209769-b93ce5212c24c3bd08e3fa7610c004b1.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate[01-11-2024]: Naira Declines to N1,735/$ in Parallel Market as Rate Gap Widens
The naira depreciated to N1,735 per dollar in the parallel market, while appreciating to N1,666.72 in the official NAFEM market. With trading volumes down and the exchange rate margin widening to N68.28, economic concerns over currency stability intensify as Nigeria faces foreign exchange...- Nigeria News
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- 2 min read
- nafem exchange rate naira depreciation naira to dollar rate nigerian currency stability parallel market exchange rate
- Category: Business
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![Today's Naira Rate[24-07-2014]: Naira Drops to N1,575/$ in Parallel Market as Trading Volume Declines](/data/attachments/206/206479-3c44473101cfdb95816e4fca0635f7db.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[24-07-2014]: Naira Drops to N1,575/$ in Parallel Market as Trading Volume Declines
The Naira fell to N1,575 per dollar in the parallel market on Wednesday, down from N1,565. In NAFEM, it dropped to N1,586.71. Trading volume fell 39% to $171.03 million, and the gap between parallel and official rates narrowed. Experts await CBN's response to stabilize the currency. On...- Nigeria News
- Article
- 2 min read
- nafem exchange rate naira depreciation naira to dollar exchange rate parallel market naira rate
- Category: Business
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