Thursday, February 2, 2023
  • Login
No Result
View All Result
The News Beam
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
The News Beam
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
No Result
View All Result
The News Beam
Home News Business & Economy Finance

Forex Alert: Naira appreciates by N2.2kobo to N407.80/$ in I & E Window

February 18, 2021
in Finance, News
Reading Time: 2 mins read
0
A A
0
Forex Alert: Naira appreciates by N2.2kobo to N407.80/$ in I & E Window
Share on FacebookShare on Twitter

The Naira appreciated today by N2.2Kobo to N407.80/$ from N410/$ yesterday at the Investors and Exporter (I&E) window.

This follows a 53.69% raise in the volume of dollars traded (turnover) in the I & E window to $62.69 million today from $40.79 million yesterday.

But, the currency depreciated today by N1 to N476.50 from N475.50/$ yesterday in parallel market.

However, according to a report released yesterday on the official website of the Central Bank of Nigeria, CBN, for the first half of 2020.

“The daily rate at the I & E window opened at N364.79/US$ on January 2, 2020 and closed at N386.50/US$ at end-June 2020.

“On a monthly average, the exchange rate opened at N363.18/US$ in January and closed at N386.39/US$ in June 2020.”

Moreover, “The turnover of transactions at the window amounted to US$24.69 billion at end-June 2020, compared to US$33.21 billion in the corresponding period of 2019.

“The decrease in turnover was a result of reduced inflows to the country. Since its introduction in April 2017, the turnover of transactions amounted to US$173.41 billion at end-June 2020.” It reported.

Furthermore, for the exchange that occurred in Parallel Market for the first half of the year 2020, CBN reported that,

“The daily BDC exchange rate opened at N362.00/US$ in January 2020 and closed at N455.00/US$ at end-June 2020. On monthly basis, the average exchange rate opened at N367.00/US$ in January and closed at N447.57/US$ in June 2020.

“The restriction on international air travel saw the CBN temporarily stop sales to BDCs, which led to a depreciation of the naira at the segment.”

Read Also:

Tags: ForexNaira
ShareTweetSend
Previous Post

Nigeria Escapes Recession as GDP Rises By 0.11%

Next Post

7 Highest Paying Jobs In Nigeria

Related Posts

New Naira Notes: Emefiele blames banks for scarcity, abuse at parties
Finance

New Naira Notes: Emefiele blames  banks for scarcity, abuse at parties

January 31, 2023
28
Delia Ferreira Rubio, Transparency International Chairperson
News

Corruption: Nigeria ranks 150 out of 180 countries

January 31, 2023
23
INEC
News

Fuel scarcity could affect 2023 election logistics-INEC warns

January 31, 2023
25
Inflation in December 2022
News

What you need to know: December inflation rate at   21.34%

January 16, 2023
18
Business Risks Forecasts
Business & Economy

How to Protect Your Business from Top Risks in 2023

November 15, 2022
50
eNaira: CBN lists 7 benefits to Nigerians, economy
Business & Economy

eNaira: CBN lists 7 benefits to Nigerians, economy

November 10, 2022
25
Next Post
7 Highest Paying Jobs In Nigeria

7 Highest Paying Jobs In Nigeria

Baba Lori Iro: How 7 Years Street Evangelism turns to Fame

Baba Lori Iro: How 7 Years Street Evangelism turns to Fame

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

  • Trending
  • Comments
  • Latest
How to Apply for the N25 Billion Youth Investment Fund of the Federal Govt

How to Apply for the N25 Billion Youth Investment Fund of the Federal Govt

October 16, 2020
Covid-19: See List of Vaccination Centers in Lagos State

Covid-19: See List of Vaccination Centers in Lagos State

August 19, 2021
Banks suffer 11% reduction in new loans as customers resist interest rate hike

CBN reveals 9 Business Categories that recorded Increased Activity This Month

9
BREAKING ! How Hurriedly installed Application Saved Central Bank of Nigeria website from 'Anonymous' hack

BREAKING ! How Hurriedly installed Application Saved Central Bank of Nigeria website from ‘Anonymous’ hack

7
New Naira Notes: Emefiele blames banks for scarcity, abuse at parties

New Naira Notes: Emefiele blames  banks for scarcity, abuse at parties

January 31, 2023
Delia Ferreira Rubio, Transparency International Chairperson

Corruption: Nigeria ranks 150 out of 180 countries

January 31, 2023

Categories

  • Agriprenuers (12)
  • Books & Arts (7)
  • Business & Economy (435)
  • Capacity Building (25)
  • CDAs (2)
  • Community Champions (1)
  • Crime (196)
  • DEVELOPMENT (74)
  • Development Agencies (109)
  • Economy (318)
  • Education (192)
  • Entertainment (405)
  • Faith (55)
  • Finance (336)
  • Global (103)
  • Guest Columnists (17)
  • Health (56)
  • Health (242)
  • Industry (149)
  • LGAs (1)
  • Lifestyle (98)
  • MGDs (10)
  • News (2,295)
  • Politics (374)
  • Projects (2)
  • Relationships (70)
  • Security (164)
  • SMEs (15)
  • SPECIALS (87)
  • Sports (311)
  • Street Money (9)
  • Tech (138)
  • Teens World (3)
  • The Entrepreneur (26)
  • Uncategorized (70)
  • Your Community (33)
  • Youthprenuers (14)
No Result
View All Result
News
Politics
Business & Economy
Sports
Entertainment
Global

Development

Health
Education
MGDs
Development Agencies

Your Community

CDAs
LGAs
Projects
Community Champions

The Entrepreneur

Street Money
SMEs
Youthprenuers
Agriprenuers
Capacity Building

Specials

Lifestyle
Relationships
Books & Arts
Faith
Teens World
Guest Columnists

Follow Us

  • About Us
  • Contact Us
  • Terms of Usage
  • Privacy Policy
  • Advert Rates
  • Newsletters
  • Resources
  • Submit a Story
No Result
View All Result
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
  • Login

© 2020 The News Beam is the highest circulated and most read newspaper in Nigeria. The online portal of The News Beam is the most visited website in the world.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Subscribe With The News Beam