Browsing Tag
Nigerian Autonomous Foreign Exchange Market (NAFEM)
2 posts
Naira appreciates to N1,510/$ in parallel market
The Nigerian currency, Naira, experienced a mixed performance in the foreign exchange market yesterday, appreciating in the parallel market and depreciating in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
According to data from FMDQ, the Naira strengthened to … Continue Reading
Naira appreciates to N1,375/$ in parallel market
The Naira experienced an appreciation in the parallel market yesterday, rising to N1,375 per dollar from N1,500 per dollar on Tuesday.
However, in the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira depreciated, falling to N1,339.33 per dollar. According … Continue Reading