By Adedapo Adesanya The Naira appreciated on the US Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) and Peer-to-Peer (P2P) segments of the foreign exchange (FX) market on Tuesday, December 19, and closed flat in the black market. In the spot market, the local currency improved its value on the greenback yesterday by 4.9… Continue reading Naira Appreciates at NAFEM, P2P, Flat at Black Market
Tag: peer-2-peer
Naira Appreciates on Dollar Across FX Market Segments
By Adedapo Adesanya The Naira appreciated against the US Dollar in the Investors and Exporters (I&E), the Peer-to-Peer (P2P), and the black market arms of the foreign exchange (forex) market on Friday, September 29, as a turbulent third quarter ended. In the official segment, the local currency improved its value against the greenback by 2.6… Continue reading Naira Appreciates on Dollar Across FX Market Segments
Naira Regains Strength at Black Market, I&E, Peer-to-Peer
By Adedapo Adesanya The Naira gained against the United States Dollar at the Peer-to-Peer (P2P), black market, and the Investors and Exporters (I&E) segments of the foreign exchange market on Thursday, April 6. In the P2P forex window, the value of the Nigerian currency appreciated against the Dollar by N2 to close at N748/$1 compared… Continue reading Naira Regains Strength at Black Market, I&E, Peer-to-Peer
Naira Now N617/$ at Peer-to-Peer, N605/$1 at Parallel Market
By Adedapo Adesanya The Naira appreciated by N1 or 0.16 per cent against the United States Dollar at the Peer-to-Peer (P2P) window of the foreign exchange (FX) market on Monday to close at N624/$1 compared with last Friday’s N618/$1. At the parallel market, according to data harvested by Business Post from the various traders of forex… Continue reading Naira Now N617/$ at Peer-to-Peer, N605/$1 at Parallel Market
Again, Naira Drops at Peer-2-Peer FX Market
By Adedapo Adesanya The Naira depreciated against the United States currency for the third consecutive session at the Peer-2-Peer (P2P) segment of the foreign exchange (forex) market as it traded at N579 per Dollar on Tuesday, March 15. This indicated a N1 loss compared to N578 per Dollar it was exchanged at the preceding session.… Continue reading Again, Naira Drops at Peer-2-Peer FX Market