Tag: NAFEX
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Naira appreciates against USD at the P2P FX market
The Naira appreciates against USD as exchange rate at the I&E window closed at N416.67/$1 on Thursday. The Naira appreciates against USD as the exchange rate closed at N416.67/$1 at the Investors and Exporters (I&E) window on Thursday 7th April 2022, where forex is traded officially. However, at the peer-to-peer market, the exchange rate appreciated…
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Forex turnover down to a 5-day low, exchange rate depreciates across markets
The exchange rate at the I&E window closed at N417 to a dollar on Tuesday, 29th March 2022, representing a 0.12% depreciation compared to N416.5/$1 recorded in the previous trading session. FX turnover also fell by 51.5% to $97.9 million on Tuesday. Also, Naira recorded a 0.172% depreciation against the US dollar on Wednesday, trading…