GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

BREAKING: Naira Falls Massively At I&E Window Despite Improved Dollar Supply- See New Rate

Enudi Golden by Enudi Golden
January 11, 2024
in business, Featured, Headline
Reading Time: 2 mins read
CBN Official Dollar To Naira Rate Today 17th August 2023
11
SHARES
Advertisements

Naira Falls Massively At I&E Window Despite Improved Dollar Supply- See New Rate today.

This article is to keep you informed on the latest dollar to naira exchange rate, Dollar to Naira at the I&E window, Dollar to Naira black market rate, Dollar to Naira at official Investors and Exporters (I&E) window.

GoldenNewsNg reports that the exchange rate between the naira and the US dollar closed at N416.17/$1 at the official Investors and Exporters (I&E) window.

READ ALSO

FG Empowers 3,000 Women Through Credi corp Queen Rider Tricycle Ownership Scheme – See How to Apply 

BREAKING: Muhammadu Buhari is Dead

This online newspaper understands that naira started the week on a negative note with a 0.08% depreciation to close at N417/$1 on Monday, from N416.67/$1 recorded as of the close of trading activities in the previous week. This is despite a 17.4% increase in dollar supply in the official market.

In the same vein, the exchange rate at the peer-to-peer market depreciated marginally by 0.17% to trade at a minimum of N587/$1 on Tuesday morning compared to N586/$1 recorded in the previous day. Naira had dropped significantly on Monday from N576/$1 recorded as of the close of trade on Friday.

On the hand, the exchange rate at the parallel market closed flat at N587/$1, the same as recorded in the previous trading session. This is according to information obtained from BDCs operating in Nigeria.

Meanwhile, Nigeria’s foreign reserve improved by 0.03% to stand at $39.66 billion compared to $39.65 billion recorded as of the previous day. Meanwhile, the Central Bank has continued to intervene in the official forex market from the external reserve in order to maintain the stability of the local currency.
Trading at the official NAFEX window

The exchange rate at the Investors and Exporters window closed at N417/$1 on Monday, 11th April 2022, representing a 0.08% depreciation compared to N416.67/$1 recorded in the previous trading session.

The opening indicative rate closed at N416.15/$1 on Monday, 11th April 2022, appreciating marginally by 0.02 kobo compared to N416.17 recorded last week’s Friday.
An exchange rate of N444/$1 was the highest rate recorded during intra-day trading before it settled at N417/$1, while it sold for as low as N410/$1 during intra-day trading,
A total of $127.12 million was traded in FX at the official Investors and Exporters window on Monday.
According to the data from the FMDQ, forex turnover increased by 17.4% from $108.28 million recorded on Friday to $127.12 million on Monday, 11th April 2022.

Crypto market update

The crypto market on Tuesday morning started trading activities on a positive note, printing a 0.88% increase in the industry market capitalization to stand at $1.814 trillion. The positive movement in the market was triggered by the 1.08% increase in the price of the most capitalized crypto asset, bitcoin, which was trading at $39,936.87 as of press time.

Ethereum also followed in the same direction with a 0.55% increase to trade at $2,994.81 on Tuesday morning, while Solana gained 1.69% to trade at $101.4975.

Terra also gained 1.2% to trade at $83.5827, while Uniswap recorded a 2.67% appreciation to trade at $9.22.

 

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

Latest UTME News 2022, JAMB Exam News For Today Tuesday, 12 April 2022

Next Post

Real Madrid vs Chelsea live Match

Related Posts

FG Empowers 3,000 Women Through Credi corp Queen Rider Tricycle Ownership Scheme – See How to Apply 

FG Empowers 3,000 Women Through Credi corp Queen Rider Tricycle Ownership Scheme – See How to Apply 

Federal Government Empowers 3,000 Women Through Credi Corp Queen Rider Tricycle Ownership Scheme. See details and how to apply below....

Read moreDetails

BREAKING: Muhammadu Buhari is Dead

BREAKING: Muhammadu Buhari is Dead

Former President Muhammadu Buhari Dies After Brief Illness GoldenNewsg reports that the Former President of Nigeria, Muhammadu Buhari, is dead. He...

Read moreDetails

Court orders prosecution of auxiliary nurse linked to Mohbad’s death

Court orders prosecution of auxiliary nurse linked to Mohbad’s death

Court orders prosecution of auxiliary nurse linked to Mohbad’s death The Coroner’s Court sitting in Ikorodu, Lagos State, has directed...

Read moreDetails

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts

The Nigerian Education Loan Fund (NELFUND) has commenced the disbursement of upkeep allowances to students who have updated their bank...

Read moreDetails

FIRS to Launch Mandatory e-Invoicing System for Businesses with ₦5 Billion Turnover and Above

FIRS to Launch Mandatory e-Invoicing System for Businesses with ₦5 Billion Turnover and Above

The Federal Inland Revenue Service (FIRS) has announced that it will begin full implementation of the National Electronic Invoicing (e-Invoicing)...

Read moreDetails

Green Money Project 2025: How to Apply for FG Youth Agriculture Empowerment Programme

Green Money Projec

Are you a young Nigerian passionate about agriculture or looking to grow a business in agribusiness? The Federal Government has...

Read moreDetails

FG Orders Banks to Flag Accounts with Monthly Transactions Over ₦5 Million

FG Orders Banks to Flag Accounts with Monthly Transactions Over ₦5 Million

Federal Government has ordered all Nigerian banks to Flag Accounts with Monthly Transactions Over ₦5 million GoldenNewsNg reports that Nigerian...

Read moreDetails

JAMB Awards ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices

JAMB Awards ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices

JAMB has Awarded ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices GoldenNewsNg reports that the Joint Admissions and...

Read moreDetails

JAMB Cut Off Mark for Civil Engineering 2025/2026 in Nigerian Universities

JAMB Cut Off Mark for Civil Engineering

JAMB Cut Off Mark for Civil Engineering 2025/2026 in Nigerian Universities    If you’re planning to study Civil Engineering in...

Read moreDetails

NELFUND Begins Disbursement of Funds to Students in Saapade, MAPOLY, and LASUED

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts

NELFUND Begins Disbursement of Funds to Students in Saapade, MAPOLY, and LASUED GoldenNewsNg reports that the Federal Government has announced...

Read moreDetails
Load More
Next Post
Real Madrid vs Chelsea live Match

Real Madrid vs Chelsea live Match

SEARCH ADS

Latest Posts

FG Empowers 3,000 Women Through Credi corp Queen Rider Tricycle Ownership Scheme – See How to Apply 
business

FG Empowers 3,000 Women Through Credi corp Queen Rider Tricycle Ownership Scheme – See How to Apply 

BREAKING: Muhammadu Buhari is Dead
Entertainment

BREAKING: Muhammadu Buhari is Dead

Court orders prosecution of auxiliary nurse linked to Mohbad’s death
Crime

Court orders prosecution of auxiliary nurse linked to Mohbad’s death

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts
Education

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts

FIRS to Launch Mandatory e-Invoicing System for Businesses with ₦5 Billion Turnover and Above
business

FIRS to Launch Mandatory e-Invoicing System for Businesses with ₦5 Billion Turnover and Above

Green Money Projec
Headline

Green Money Project 2025: How to Apply for FG Youth Agriculture Empowerment Programme

FG Orders Banks to Flag Accounts with Monthly Transactions Over ₦5 Million
business

FG Orders Banks to Flag Accounts with Monthly Transactions Over ₦5 Million

JAMB Awards ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices
Education

JAMB Awards ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices

JAMB Cut Off Mark for Civil Engineering
Education

JAMB Cut Off Mark for Civil Engineering 2025/2026 in Nigerian Universities

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts
Education

NELFUND Begins Disbursement of Funds to Students in Saapade, MAPOLY, and LASUED

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News