By Adedapo Adesanya The Naira fell further against the United States Dollar by 2.45 per cent or N37.95 in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Wednesday to settle at N1,586.71/$1 compared with the previous day’s rate of N1,548.76/$1. This was mainly driven by forex volatility in the system despite recent efforts by the… Continue reading Naira Crashes to N1,586/$1 at Official Market
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Naira Now N1,136/$1 Amid Persistent Inflationary Pressures
By Adedapo Adesanya The Naira appreciated further against the United States Dollar by 0.6 per cent or N6.34 at the Nigerian Autonomous Foreign Exchange Market (NAFEM) segment of the foreign exchange (FX) market on Monday, April 15, trading at N1,136.04/$1 compared with last Friday’s exchange rate of N1,142.38/$1. Despite the value of the domestic currency… Continue reading Naira Now N1,136/$1 Amid Persistent Inflationary Pressures
Naira Firms to N1,431/$1 at NAFEM, N1,465/$1 at Black Market
By Adedapo Adesanya The Naira continued to edge the US Dollar and completed a whole week of gains in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, March 22, with a further 1.5 per cent or N21.79 appreciation to close at N1,431.49/$1 compared with the previous day’s N1,453.28/$1. This happened despite a shortfall in… Continue reading Naira Firms to N1,431/$1 at NAFEM, N1,465/$1 at Black Market