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WEBNairametrics - Business news, Economy, Investing, and Financial Literacy. TRENDING. BREAKING: Court orders CBN to Pay Kasmal International Services N579 billion with 10% interest over stamp duty dispute October 11, 2024. Small business owners in Lagos spend N5.3 trillion annually on fueling generators – Report October 11, 2024.
Naira drops 1.15% at I&E window, despite a sharp rise in market ...
WEB6 hours ago · Market Turnover: Market volume traded in the I&E window surged to $616.73 million, a significant increase from the prior day’s $145.56 million. For perspective, the total turnover in September reached $3.3 billion. Parallel Market Rates: In the parallel market, the naira opened at N1,620.39 per dollar. It experienced slight variations, with highs of N1,620.44 and lows of N1,620.39, before ...
Naira expected to stabilize against the dollar in the fourth quarter …
WEB4 days ago · The report emphasizes that the commencement of operations at the Dangote Refinery will play a crucial role in easing forex pressures. With petroleum products accounting for 30-40% of Nigeria’s import bills, the refinery’s full-scale operations are expected to substantially reduce these import costs, thus …
Naira rises 1.69% in I&E Window as global crude prices approach …
WEBOct 5, 2024 · in Currencies, Markets. On October 4, 2024, the naira gained against the U.S. dollar, closing at N1,631.21 in the official Investor and Exporter (I&E) window, as global crude oil prices eye $80 per barrel. This marked a modest 1.69% appreciation compared to the previous day’s exchange rate of N1,659.26, despite a sharp decrease in market ...
Breaking News Archives - Nairametrics
WEBNigeria’s inflation rate slows for the second consecutive month to 32.15% in August- NBS. by Aghogho Udi. September 16, 2024. 0. Nigeria’s headline inflation rate eased to 32.15% in August 2024 down from the 33.40% recorded in July …
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Naira stabilizes at N1,615/$1 across both official and
WEBMar 13, 2024 · Notably, the I&E FX window documented a peak of N1635/$1 and a nadir of N1,500.00, signifying a variance of N135/$1. At the parallel market, the naira closed flat in value relative to the US dollar, trading at N1,615 per dollar, the same rate as traded in the previous trading day.
CBN adopts NAFEX rate on its website - Nairametrics
WEBMay 25, 2021 · The Central Bank of Nigeria has adopted the NAFEX/I&E Window exchange rate on its website ditching a multi-decade use of government-determined exchange rate. The CBN reported an official exchange rate of N410.25/$1and referenced it as “NAFEX Exch, Rate (USD) as at Monday, May 24, 2021” on its website. READ: CBN Governor confirms exchange ...
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Naira posts mild gains amid a bumpy U.S. dollar - Nairametrics
WEBJul 27, 2024 · The Nigerian naira showed little strength at the last trading session of the week, appreciating to below N1600 amid a volatile dollar index in global markets. At the NAFEX market, the local currency gained 0.01%, moving from N1,589.61/$ to settle at N1,589.5/$. The local currency’s modest gain comes despite the Central Bank of …