Naira Gains Momentum with N125 Surge After EFEMS Launch
Nigeria's currency, the naira, has appreciated significantly, gaining N125 against the dollar within a month of the Electronic Foreign Exchange ...
Tag: EFEMS
Dollar Rate Increases as Naira’s Decline Persists, Traders and Currency Dealers Report
After a brief period of gains, the Nigerian naira has resumed its downward trend into the new year, continuing to ...
Naira Strengthens to N1,640 from N1,730 at Parallel Market as CBN EFEMS Boosts Supply
The naira surged against the US dollar in the parallel market, closing at N1640/$1 on Wednesday, December 4, 2024. This ...
CBN Sets New Guidelines for FX Trading via EFEMS, Mandates $100,000 Minimum Trade
The Central Bank of Nigeria (CBN) has introduced new guidelines for interbank foreign exchange (FX) trading through its Electronic Foreign ...
