THE Naira has continued its decline in the Nigerian Autonomous Foreign Exchange Market (NAFEM), with the currency depreciating to N1,658.48 per dollar. This marks a significant drop from the N1,562.66 per dollar rate recorded on Monday, showing a depreciation of N95.82 for the Nigerian currency. According to data provided by …
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THE Naira on Monday depreciated at the official market, trading at N1,577.29 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira lost N13.49. This represents 0.86 per cent loss when compared …
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THE naira, on Friday, June 7, 2024, recorded a loss at the official market, trading at N1,483.99 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the naira lost N2.50. This represents a …
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THE Naira on Tuesday depreciated at the official market, trading at N1,416.57 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira lost N62.36. This represents a 4.60 per cent loss when …
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THE Nigerian Autonomous Foreign Exchange Market (NAFEM) experienced a sharp decline in forex transactions, with the total value falling from $465.29 million on Tuesday to $203.93 million on Wednesday—a 56 percent drop, as reported by the FMDQ Exchange. This significant decrease interrupts a previously observed steady increase in the value …
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