NAFEM

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...

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...

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...

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...

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...

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...