CBN depreciates naira to N410.25 in I&E window - Basic Storylines

How to Seduce Straight Guys CBN depreciates naira to N410.25 in I&E window
COVID-19: CBN intervention fund inaccessible to medical labs — GMLD
CBN

By Elizabeth Adegbesan

The Central Bank of Nigeria depreciated the naira yesterday by N16.25 kobo depreciated in the Investors and Exporters (I&E) window.

This represents the third and  biggest daily depreciation of the naira since 2017.

Recall, the indicative exchange rate for the window jumped to N374 per dollar at the close of business from N368.33 per dollar on 11th of March 2020, translating to N5.67 depreciation for the naira.

READ ALSO:ASUU strike cripples economies of university communities in 2020

Similarly,  last month,  CBN depreciated the naira  by N7.75 in the window, as the FMDQ platform, showed that the I&E window rose to N393/$ at the close of business from N385.5/$  November 24 2020.

Data from FMDQ showed that the indicative exchange rate for the window rose to N410.25 per dollar from N394 per dollar on Wednesday, indicating N16.25 kobo depreciation of the naira.

However, the volume of dollars (turnover) traded in the window rose by 43 percent to $235.75 million from $164.81  million on Wednesday.

 

The post CBN depreciates naira to N410.25 in I&E window appeared first on Vanguard News.

Comments

Post a Comment

Popular posts from this blog

GRAPHICS: Combined police operatives kill Gulak’s killer, Imo CP says - Basic Storylines

Image
How to Seduce Straight Guys Imo State Commissioner of Police, Abutu Yaro, has revealed that combined operatives of the command’s Tactical Units, Intelligence Response Team, and Police Mobile Force have sucessfully killed killers of a former Presidential aide, Ahmed Gulak. It was widely reported that Gulak was on Sunday morning killed in Imo State while on his way to Sam Mbakwe International Cargo Airport, Owerri. Police Spokesperson in Imo, Bala Elkana, in a statement on behalf of the CP, explained that “riffles, pistol, and ammunition were recovered from the slain suspects. Elkana also revealed that the vehicles the slain hoodlums used in killing the former Presidential aide were recovered by the command. “On 30th May, 2021 following distress received by the Command on the gruesome murder of Ahmed Gulak, Police Special Forces made up of Intelligence Response Team, Police Mobile Force (PMF) and Tactical Units from the command were deployed to the scene at Obiangwu Junction ...
Read more

Executive capitalism, the path to Nigeria’s prosperity - Basic Storylines

Image
How to Seduce Straight Guys   A map of Nigeria By Dr Omaghomi Ofioritse   Global competition for the earth’s scarce resources gets increasingly frenetic,with each passing day. This continuous struggle between available resources and yearning global needs, has resulted in a new approach to governance, that better guarantees continuous prosperity. We shall call this style of governance, executive capitalism, which is partly a win win symbiotic arrangement, where private capitalist companies are in close relationship with the Chief Executives / governments of their respective countries. The companies get unlimited government money, intelligence, and patronage; resulting in bigger, more profitable companies that are better able to employ more of the country’s nationals. The companies are also better able to pay proportionately larger taxes to the government. The resultant more buoyant governments are in turn more equipped to assist new sets of private companies, the ...
Read more

What Sam Momah said about Nigeria before he died Wednesday - Basic Storylines

Image
How to Seduce Straight Guys Major General Sam Momah By Dirisu Yakubu At the presentation of what turned out to be his last book on July 6, 2020, former Minister of Science and Technology, Major General Sam Momah (retd) left some food for thought in the consciousness of journalists, guests and dignitaries at the event. The book (his twelfth) “Why We Must Restructure Now,” is arguably the most authoritative piece of literature on the subject matter till date. Away from the mere verbal tribute to restructuring, General Momah in the book he sub-titled “Nigerian Green Book,” dealt extensively with the mileage of the subject and allayed fears of those who see it as synonymous with resource control. Momah died in Abuja on Wednesday afternoon after long battle with diabetes. Here are some of the things he said at historic event.   “ Restructuring is not resource control. It is instead a globally agreed win-win strategy of replacing fossil energy with renewable energy in order to c...
Read more