NFEM
Economy
CBN Denies Allocating $1.3bn For Fuel Importation
The Central Bank of Nigeria (CBN) has denied reports that it allocated $1.269 billion in foreign exchange for the importation of petroleum products...
Economy
Naira Depreciates to N1,585 per Dollar in Parallel Market Amid Mixed Exchange Rate Movements
The Nigerian naira weakened further in the parallel market on Tuesday, trading at N1,585 per US dollar, a decline from N1,570 per dollar...
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Naira Climbs in Black Market, Official Rate Stable as FX Market Sees Liquidity Boost
The Nigerian naira experienced a notable divergence in its performance across the parallel and official foreign exchange (FX) markets this week. While the...