nigerian fx market
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![Today's Naira Rate [08-12-2024]: Naira Gains as Parallel Market Hits N1,530 Following CBN FX Reforms](/data/attachments/211/211166-89415016beb4964cb57cabf6bc24d19a.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [08-12-2024]: Naira Gains as Parallel Market Hits N1,530 Following CBN FX Reforms
The Nigerian naira gained N126 against the dollar in less than a week, reaching N1,537 at the official market. The parallel market saw a peak of N1,530. This surge follows the Central Bank of Nigeria’s launch of the new Electronic Foreign Exchange Matching System (EFEMS) on December 2, 2024. In...- Nigeria News
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- 1 min read
- cbn efems reforms naira appreciation. nigerian fx market parallel market rate
- Category: Business
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![Today's Naira Rate[22-08-2024]: Nigerian Naira Faces Pressure, Remains at N1600/$ Despite FX Market Gains](/data/attachments/207/207487-2f6d6883f23a034efccccca8e854a5ea.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[22-08-2024]: Nigerian Naira Faces Pressure, Remains at N1600/$ Despite FX Market Gains
The Nigerian naira remains at N1600/$ in the black market, despite recent improvements in Nigeria's foreign exchange market. The introduction of dollar bonds to increase liquidity hasn't eased the pressure on the naira, as it struggles against short sellers and global currency dynamics. The...- Nigeria News
- Article
- 1 min read
- dollar bonds naira black market naira exchange rate nigerian currency nigerian fx market
- Category: Business
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