Naira Stays Within ₦1600/$
As of September 9, 2024, the Nigerian Naira (₦) continued its tumultuous journey against major foreign currencies. While the official NAFEM closing rate for the US dollar stood at ₦1,580.46/$,…
As of September 9, 2024, the Nigerian Naira (₦) continued its tumultuous journey against major foreign currencies. While the official NAFEM closing rate for the US dollar stood at ₦1,580.46/$,…
CEM REPORT, CURRENCY| The Nigerian Naira is experiencing a remarkable turnaround, defying earlier predictions of a steep decline. On Tuesday, the Naira reached a high of ₦1,000 per US dollar…
CEM REPORT , MARKET | The Nigerian foreign exchange market witnessed a surprising development on Wednesday, March 13th, 2024, with the official and parallel market rates for the Naira/US dollar,…
CEM REPORT, MARKET | The Nigerian Naira strengthened significantly against the US Dollar on the parallel market, also known as the black market, following the Central Bank of Nigeria’s (CBN)…