Naira Gains at Parallel Market, Exchanges for N1,150/$1 The value of the naira has strengthen at the parallel market on Thursday as the three-day public holiday was rounding up, selling around N1,150 to the dollar compared to N1,200 which it sold on Monday this week. According...

Naira Continues to Appreciate, Closes at N1,560.57/$ Officially The Nigerian Autonomous Foreign Exchange (NAFEM) saw a notable appreciation on Tuesday, with the closing rate standing at N1560.57 to $1. This represents a significant gain of N36.67 or 2.35% from Monday’s closing rate of N1,597.24/$1. Additionally, the Naira...

Naira Continues to Appreciate, Closes at N1,560.57/$ Officially The Nigerian Autonomous Foreign Exchange (NAFEM) saw a notable appreciation on Tuesday, with the closing rate standing at N1560.57 to $1. This represents a significant gain of N36.67 or 2.35% from Monday’s closing rate of N1,597.24/$1. Additionally, the Naira...

Again, Naira Falls At Parallel N1,680/$1, Official Rates Gains to N1,582/$1   The naira yesterday experienced a U-turn on its gaining streak as it slightly depreciated at the parallel market to N1,680/$1. However, the official Nigerian Autonomous Foreign Exchange (NAFEM) gained closing yesterday at N1,582.94 signifying an...

Naira Appreciates to N1,419/$ at FX Market The naira has recovered against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official window, on Monday. Naira rose by 1.06 percent to close at N1,419.86 to a dollar — from N1,435/$ recorded at the...

FX Liquidity Conditions To Remain Tight Amid $33bn Reserve Level   Despite Nigeria’s FX reserves starting the year on a positive note, economic analysts have said they expect FX liquidity conditions to remain tight pending receipt of expected FX inflows. According to data obtained from the Central...