nafem rates

  1. Today's Naira Rate[15-10-2024]: Nigeria’s Naira Rises to N1,680 Against Dollar as Official Market Faces Liquidity Crisis

    Nigeria Today's Naira Rate[15-10-2024]: Nigeria’s Naira Rises to N1,680 Against Dollar as Official Market Faces Liquidity Crisis

    On October 14, 2024, Nigeria’s Naira appreciated by N10 to N1,680 against the US dollar in the parallel market. In the official NAFEM, it reached N1,552.92, a gain of N88.35. However, dollar turnover in the official market dropped 44%, raising concerns about liquidity and market stability. The...
  2. Today's Naira Rate[12-10-2024]:Nigerian Naira Struggles as Current Black Market Exchange Rate Reaches N1,695

    Nigeria Today's Naira Rate[12-10-2024]:Nigerian Naira Struggles as Current Black Market Exchange Rate Reaches N1,695

    As of October 12, 2024, the black market exchange rate for the US dollar to the Nigerian naira is N1,695 for buying and N1,700 for selling in Lagos. The Central Bank of Nigeria’s official rates remain significantly lower, highlighting ongoing economic challenges and currency volatility in...
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