THE naira, on Friday, closed at N780.14 per dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official exchange rate window. The rate represents a recovery of 21.73 percent from…
Tag: official market
Naira hits N1, 000/$ in official market
VAM News Update Despite recent moves by the Central Bank of Nigeria to strengthen the foreign exchange market, the naira closed trading on the Investor & Exporter forex window on Thursday at…
Naira appreciates against Dollar at official market
VOICE AIR MEDIA News Update THE Naira appreciated to N744/$ at the Investors and Exporters (I&E) window (official market) on Monday, July 10. This represents a N24/$ gain from Friday’s N768/$ rate….
Naira Falls Massively at Official Market As CBN Issues Banks New Directive
VOICE AIR MEDIA News Update THE Central Bank of Nigeria has permitted banks to sell foreign exchange at their own price. The development is coming after the sack of former CBN Governor…
Naira down at official market
Naira fell significantly against the U.S. dollar at the official forex market on Friday, stretching the local currency’s depreciation run to two consecutive days at the spot market this week. According to…
Dollar exchange: Naira loses again at official market
Naira fell yet again against the U.S. dollar at the official market on Thursday, extending its decline to two consecutive days at the spot market. It closed at N419.50 to a dollar,…
Naira Appreciates At Official Market As Nigeria’s External Reserve Bounces Back
The exchange rate between the Naira and the US dollar closed at N414.30/$1, at the official Investors and Exporters window. The Naira appreciated against the US dollar to close at N414.30/$1 on…
Naira tumbles to record low at official market as dollar supply drops by 54%
Thursday, 14th October 2021: The exchange rate between the naira and the US dollar closed at N422.07/$1, at the Investors and Exporters window, where forex is traded officially. Naira depreciated significantly against…
Naira loses further at official market
Naira fell marginally against the U.S. dollar at the official market on Wednesday, as foreign exchange supply increased significantly from what was recorded in the previous session on Tuesday. Data from FMDQ…