5 results for “NFEM”
The naira rebounded to about ₦1,331.28 per dollar on the official Nigerian Foreign Exchange Market on Monday, October 26, recovering most of the ₦27.12 loss it suffered over Thursday and Friday, while parallel-market rates ranged around ₦1,370–₦1,385.
The naira depreciated 2.17% at the official window in the week ended October 23, 2026 to N1,361.84/$ while the parallel rate slipped to N1,375, narrowing the premium to 0.97% from 2.83% as interbank turnover hit $1.01bn.
Nigeria's naira opened the week around N1,331 per dollar, supported by foreign reserves that have climbed to about $58.81 billion — their highest level since November 2008.
The official NFEM rate firmed to N1,331.61 to the dollar while street quotes sat around N1,375 to N1,390, leaving a spread that has compressed sharply as reserves climb and central bank FX sales stay low.
The official NFEM rate moved only N1.5 against the naira, but the parallel-market rate weakened by N4 from the previous weekend and the...