Sunday, June 16, 2024
MARKET UPDATE
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Tag "Official Market"

Naira trades at N1,348/$ at official market — highest rate ever

    Naira trades at N1,348/$ at official market — highest rate ever

The naira, on Monday, closed at N1,348.63/$ at the Nigerian Autonomous Foreign Exchange Market (NAFEM), known as the official window. NAFEM recorded its highest closing rate after the naira depreciated

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Naira depreciates by 4%, drops to N1,035/$ at official market

    Naira depreciates by 4%, drops to N1,035/$ at official market

Naira, on Wednesday, hit N1035.12 per dollar at the official market, also known as the Nigerian Autonomous Foreign Exchange Market (NAFEM) window. The foreign exchange (FX) rate movement represents a

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Naira appreciates by 13%, ends 2023 at N907/$ at official market

    Naira appreciates by 13%, ends 2023 at N907/$ at official market

The naira, on Friday, gained against the dollar at the official foreign exchange (FX) market, known as Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ Securities, a platform that

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Bloomberg predicts naira will record worst performance in 25 years in 2024

    Bloomberg predicts naira will record worst performance in 25 years in 2024

Bloomberg, a US-based media organisation, on Friday, predicted that the naira will decline further in 2024. According to the publication, the naira is poised for its worst year since the

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Naira appreciates by 4% to N844/$ at official market

  Naira appreciates by 4% to N844/$ at official market

The naira on Tuesday appreciated against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), known as the official

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Naira gains 9%, closes N837/$ at official market

  Naira gains 9%, closes N837/$ at official market

The naira, on Monday, appreciated to N837.77 per dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM).  NAFEM is the

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Naira depreciates to N1,165/$ at parallel market

  Naira depreciates to N1,165/$ at parallel market

The naira, on Thursday, depreciated to N1,165 per dollar at the parallel section of the foreign exchange (FX) market. The

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Naira depreciates to N996/$ at official market

  Naira depreciates to N996/$ at official market

The naira on Thursday depreciated by 13.95 percent to close at N996 per dollar at the Nigerian Autonomous Foreign Exchange

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Naira falls to N1,120/$ at parallel market

  Naira falls to N1,120/$ at parallel market

The naira has commenced a downward spiral, falling to N1,120 per dollar at the parallel market on Tuesday. The figure

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FX rates gap in official, parallel markets hits N219 — heads towards Buhari’s era

  FX rates gap in official, parallel markets hits N219 — heads towards Buhari’s era

Under President Bola Tinubu’s tenure, the foreign exchange (FX) rates disparity is gradually returning to the era of Muhammadu Buhari,

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