Business

How NAFEX boosted fx market, foreign reserves with $31.7bn

Ihesiulo Grace 6 February 2018 0

.Records $6.1bn in January, highest in 10 months As the nation’s foreign reserves continues to grow with improved confidence in the Nigerian foreign exchange market and its management, the Nigerian Autonomous Foreign Exchange (NAFEX) window, has contributed to this development with not less

Business

NAFEX declares $1.7bn as Naira rebounds at unofficial FX market

Ihesiulo Grace 5 February 2018 0

The Nigerian Autonomous Foreign Exchange (NAFEX) window has lifted liquidity in the Nigerian foreign exchange market, with total transactions turnover of $1.688 billion in just one week, just as the Naira rebounded at the unofficial forex market, checks by The Daily Times has revealed. Although, the autonomous FX window turnover of $1.688 was lower than […]

Business Money

NAFEX records $522.8m transactions turnover in first week 2018

Ihesiulo Grace 8 January 2018 0

…as Naira slips against Pound, Euro at parallel market The Nigerian Autonomouse Foreign Exchange (NAFEX) window recorded total transactions turnover of $522.8 million at the end of official first trading week in 2018, finding by The Daily Times has revealed. But the Naira, over the weekend extended its losing streak against the Pound and Euro […]

Money

NAFEX boosted investors’ confidence with $4.3bn turnover in one month

Ihesiulo Grace 3 December 2017 0

The Nigerian Autonomous Foreign Exchange (NAFEX) window, has again boosted already restored investors’ confidence in the Nigerian foreign exchange management and policies, as well as it rebounded economy, with the total transacted turnover of $4.3 billion in one month. In just four days of the concluded week alone, the autonomous forex window declared traded figure […]

Business

Naira gains at official market, records $179.8m turnover at NAFEX

Ihesiulo Grace 28 November 2017 0

The Nigerian currency, Naira, on Monday extended its gain over US Dollar at the official foreign exchange market, with closing rate of 305.80 against 305.85 traded on Friday and stronger than 305.90 sold the previous day. This is even as the Nigerian Autonomous Foreign Exchange (NAFEX) widow, recorded transactions turnover of $179.78 million at the […]

Money

NAFEX transactions turnover hits $1.06bn in one week

Ihesiulo Grace 27 November 2017 0

….As Naira steadies across FX markets, lifted by $287.9 The Nigerian Autonomous Foreign Exchange (NAFEX) widow, recorded total turnover trade of $1.06 billion in just one week, between Monday 20 November and Friday 24 November 2017, findings by the Daily Times Nigeria have revealed. However, the Naira, at the end of Friday sustained the slightly […]

Business Money

NAFEX transactions’ turnover hits $14.69bn in four months

Ihesiulo Grace 9 November 2017 0

Total turnover trade on Investors & Exporters Foreign Exchange (I&E FX) window hits $14.69 billion in four months, between July and September 2017, as the Central Bank of Nigeria (CBN) continues to bridge the gap between parallel market and official market rates. In our fact findings, we observed that the I&E FX in October rose […]

Business

NAFEX gains, record $166.75m as Naira steadies against major currencies

Ihesiulo Grace 26 October 2017 0

Motolani Oseni The Nigerian Autonomous Foreign Exchange () widow, rebounded at the close of Wednesday trading to record a total turnover of $166.75, representing the highest during the week, while the local currency, Naira, steadied against the three major foreign currencies, Dollar, Pound Sterling and Euro, Daily times finding has revealed. The NAFEX, had declared […]

Money

Naira loses at NAFEX, steady in official, parallel markets

Ihesiulo Grace 21 August 2017 0

The Nigerian currency, Naira, at the end of business activities on Monday, lost slightly at Nigeria Autonomous Foreign Exchange Fixing (NAFEX) window, but remained unchanged at both the official foreign exchange and unofficial markets. At NAFEX, the Naira, closed trading at 360 to the dollar against 359.98 exchanged on Friday, which indicated a drop of […]