Consequently, the margin between the parallel market and the NAFEM rate widened to N16 per dollar from N7.15 per dollar on Monday.
Similarly, the Naira depreciated to N1, 581.65 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate...
The statement, therefore, urged all Authorised Dealers to ensure that foreign exchange purchases from the CBN are used exclusively for trade-backed transactions, which should be reported...
Similarly, in the Nigerian Autonomous Foreign Exchange Market, or NAFEM, the value of the Naira fell to N1,561.98 per US dollar.
The amount of money exchanged in the market, or turnover, decreased by 21.4% to $152 million from $193.5 million on Friday of previous week.
The indicative exchange rate for NAFEM increased to N1,485.06 per dollar from N1,483.02 per dollar on Wednesday, according to data from FMDQ, suggesting a N2.04 devaluation...
The indicative exchange rate for NAFEM dropped from N1,483.99 per dollar last weekend to N1,483.62 per dollar this past weekend, according to data from FMDQ, showing...
The local currency increased by 0.66 percent at the official window on Monday, from N1,485.99 on May 31 to N1,476.12/$. The dollar swapped for as much...
It was discovered that the new rate was shown on Friday on the Federal Government's single window trading site. For import tariffs, Customs uses foreign exchange...
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