NAFEM

Business

FX Turnover Dips by 31.1% to $3.30bn in August

Sam Diala, THEWILL -
September 08, (THEWILL) – The Nigerian Foreign Exchange Market (NAFEM) recorded a total of $3.30 billion turnover in the month of August, according to data obtained from the FMDQ platform. This constitutes a 31.1 percent dip compared to $4.79...
Business

Naira Lost N548 In January

Sam Diala, THEWILL -
February 03, (THEWILL) - The Naira lost a whopping N548.48 at the Nigerian Autonomous Foreign Exchange Market (NAFEM) in January, 2024. This represents a 60.46 percent depreciation during the month. The local currency opened the month with N907.11 per dollar...
Business

Naira Records First Slump At NAFEM In 2024 – Down To N988.46/$1

Sam Diala, THEWILL -
January 03, (THEWILL) - In what points to the continued roller-coaster regime for the naira in the new year, the local currency slumped to N988.46 to a dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Tuesday, January...
Business

Naira Loses 96.5% Year-to-Date On NAFEM

Sam Diala, THEWILL -
The Naira lost 96.5 percent in value, year-to-date, as it closed N907.11/$1 at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, December 29, 2023. This is N445.6 loss (representing 96.5 percent) against N461.5/$1 the local currency opened on January...
Business

48 Hours To Year-end, Naira Gains Marginally, Trades N872.59/$1 At NAFEM

Sam Diala, THEWILL -
December 28, (THEWILL) - Two days to the last trading of the year, Naira gained marginally at the Nigeria Autonomous Foreign Exchange Market (NAFEM) when activities resumed on Wednesday, December 27, after the Christmas holiday. This represents N13.29 gain or...
Business

FMDQ Changes ‘I&E Window’ to ‘NAFEM’

Sam Diala, THEWILL -
October 19, (THEWILL) – In a move to abolish segmentation within the foreign exchange (FX) market and bring about greater consistency in terminology, the FMDQ Exchange has announced the change of Investors’ and Exporters’ (I&E) Window” to Nigerian...
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Latest News

HeadlineFelix Ifijeh, THEWILL -

Fubara Hails IGP Disu’s Role During Rivers Political Crisis, Seeks Neutral Policing Ahead of 2027

Rivers State Governor, Siminalayi Fubara has hailed Inspector-General of Police, Olatunji  Disu, for his professional and balanced handling of security affairs during the height of the political crisis in the State, urging him to sustain the same impartial approach as Nigeria moves towards the 2027 general elections.
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