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Tag: I&E window

Equity investors lose N1.5tn as bond yield rises
Economy

Exchange rate hits N869/$ on I&E Window

The naira-dollar exchange rate hit an intra-day high of N869/$1 at the Investor & Exporter Window. This is based on information from the FMDQ. On the official exchange rate market, the dollar was exchanged for the highest price at the intraday high. The closing rate and intraday low are also provided by the FMDQ. The […]

Equity investors lose N1.5tn as bond yield rises
Economy

Exchange rate drops N803 per dollar at I&E window

On Friday, July 15, 2023, the exchange rate between the dollar and the naira decreased to N803/$1 in the investor and exporter window. Since Nigeria established the managed float exchange rate regime, this is the lowest exchange rate it has ever reached, and it is also the first time the rate has closed above N800/$1. […]

NAFEM: Dollar supply hits 180% as banks sell $440m
Economy

Naira dips further to N770.38/$ at I&E window

The Naira, on Monday, depreciated by 16 per cent to N770.38 per dollar in the Investors and Exporters window, after an increased demand for dollars as a result of its acute supply shortage.   Data from the Financial Market Infrastructure Group Warehousing showed that the indicative exchange rate for the window rose to N770.38 5 […]

Banks reduce forex sales as scarcity persists
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Economic crisis worsens as forex inflows fall by $9.58bn

Foreign exchange inflows into the economy declined in the fourth quarter of 2021, owing to lower receipts from the Central Bank of Nigeria and autonomous sources. This is an indication of a worsening crisis for a forex-strapped economy. The latest figures from the Central Bank of Nigeria’s quarterly report on “Foreign Exchange Flows through the […]