The naira touched ₦345/$ at the interbank market in the third week of august 2016, and crashed to ₦405/$ at the parallel market, a result of the continuing crisis of confidence, an inadequate fiscal and monetary response from the authorities.. Forex trading in nigeria – in the past, forex trading in nigeria was for the big boys with millions of naira as start – up funds. banks, oil companies and big businesses were primary investors then.well times have changed, now you too can get involved.. But for trade in currencies, the market has exploded in its own right with many forex traders and currencies entering the playing field. 1995 saw the autonomous foreign exchange market (afem) created that allowed the nigerian central bank to sell forex at market rates. the nigerian naira, ngn, (₦) most popular trade is ngn to usd..
Click the link below to start your free online trading http://onlinebusinessclient.com/nfea forex trading in nigeria forex nigeria online stores in nigeria. Currency trading on margin involves high risk, and is not suitable for all investors. as a leveraged product losses are able to exceed initial deposits and capital is at risk. before deciding to trade forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.. This is, in fact, one of forex primary reasons why naira is losing it forex in the world market. nigerian naira(ngn) to euro(eur) exchange rates today - fx exchange rate. forex some exchange in nigeria now prefer to collect their charges in foreign currencies exchange the dollars, naira or euros euro than the currency of the land..
