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3 results for “nfem”

Naira Holds Near N1,331/$ as Record Reserves Steady the Currency

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.

Abiodun Abdullahi2 min read

Markets

Naira Holds Near N1,331 as Parallel-Market Gap Narrows to 2.88 per Cent

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.

Kelechi Nwachukwu3 min read

Markets

Naira Weakens as Official-Parallel Market Gap Widens Again

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...

Adaeze Okonkwo3 min read