NAFEM
4 Nov
Total inflows into the Nigerian Autonomous Foreign Exchange Market (NAFEM), which rose to a five-month high in October, increasing by 40.2
16 May
Less than 24 hours after the Nigerian Customs Service (NCS) reduced the exchange rate for calculating import duty collections at the nation's seaports to N1,407.06/$1, it was raised to N1,502.136/$1.
11 Apr
The Nigeria Customs Service has updated its exchange rate for calculating import duties, setting it at N1,238.179/$, a rate that surpasses the Nigerian Autonomous Foreign Exchange Market (NAFEM) rate (₦1230.61/$).
25 Mar
Some financial experts have commended the Federal Government for some of its monetary policies that have led to the steady appreciation
21 Mar
Naira may be on track to regaining N1,300/$ as the dumping of hard currencies warehoused by speculators turns the foreign exchange (FX) into a buyer’s market.
19 Feb
Last week, two critical macroeconomic developments emerged that have come to bear a significant impact on Nigeria’s real estate sector.
24 Jan
After several days of turbulence, the naira regained it strength and steadied against the United States dollar, on Tuesday, at parallel market selling at N1,365/$1.
16 Jan
The Nigerian naira, on Monday, appreciated against the United States dollar, closing at N838.95 to $1 at the official foreign exchange market .
5 Jan
Naira may be facing its first major test a few days into the year after a stretched session of slow slide at the unofficial market that ushered it into the year.
4 Jan
The naira closed at a record low of N1,009.05 per dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, December 8, 2023. This marked the most disastrous week for the forex market as the local currency posted its worst daily losses in history.
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