Naira gains 19% to N874.79/$ in NAFEM
The naira yesterday appreciated N874.79 per dollar in the Nigerian Foreign Exchange Market (NAFEM).
Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N874.79 per dollar from N1,082.32 per dollar on Wednesday, indicating 19 per cent or N207.53 appreciation for the naira.
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CBN removes forex ban on 43 items
CBN has lifted the foreign exchange restriction on importation of 43 items, assuring of its commitment to boost liquidity in the foreign exchange market
Reps to investigate use of dollar, other foreign currency as legal tender in Nigeria
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Naira loses, exchanges at N756.21 to the dollar at investors, exporters window
The naira on Wednesday depreciated against the dollar as it exchanged at N756.21 at the Investors and Exporters window.
Currency outside banks rises 4% to N2.29trn
Currency Outside Banks, CoB, rose Month-on-Month (MoM) by N90 billion or 4.09 percent to N2.29 trillion in August from N2.2 trillion in July 2023.
Manufacturers incur heavy losses as forex crisis, inflation bite harder
“Almost all raw materials, machinery, equipment and their spare parts used for production in Nigeria are imported”
