THE naira, on Friday, October 11, 2024, depreciated at the official market, trading at N1,641.27 to the dollar. Data from the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the naira lost N82k. This represents a 1.15 per cent loss when compared to …
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The naira, on Monday, July 8, 2024, depreciated at the official market trading at N1,523.85 to the dollar. At the official market, the Nigerian Autonomous Foreign Exchange Market (NAFEM), the naira depreciated from the previous close of N1,509.67 to the dollar. NAFEM is the market trading segment for Investors, Exporters, …
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The Nigerian currency experienced another day of depreciation in both the parallel and official markets as economic pressures continued. Yesterday, the Naira slid to ₦1,520 per dollar in the parallel market, a slight decrease from ₦1,515 per dollar on Tuesday. In the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira also saw …
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