Naira Falls to N1,381/$ Despite Nigeria’s FX Reserves Rising to $51.7bn
The naira extended its decline against the US dollar at Nigeria's official foreign exchange market during the week ended Friday, ...
Tag: NFEM
Naira Weakens Slightly as Dollar Demand Rises Despite Strong External Reserves
Nigeria’s currency, the naira, recorded a slight decline against the United States dollar at the official foreign exchange market on ...
Naira Slumps to 17‑Day Low as FX Liquidity Dries Up
The naira weakened to a 17‑day low of N1,380.71 per dollar in the official foreign exchange market as liquidity slowed ...
Naira Slides to N1,388/$ as Reserves Decline Exposes External Sector Vulnerabilities
The naira came under renewed pressure on Monday, weakening sharply across foreign exchange markets as declining external reserves and rising ...
BDC Operators Can Now Buy FX from NFEM at Market Rate — CBN
The Central Bank of Nigeria (CBN) has approved access for licensed bureau de change (BDC) operators to purchase foreign exchange ...
Naira at ₦1,396.99/$1 After One-Year Wait
Nigeria’s naira has crossed a key psychological threshold, trading below N1,400 to the dollar on the official foreign exchange market ...
