Tag
I&E WINDOW
At the black market where forex is traded unofficially, the Naira depreciated against the dollar.
The Naira remained stable against the dollar to close at N477/$1 on Thursday at the black market.
Total turnover for the week was $136.9 million, one of the lowest in weeks.
At the black market where forex is traded unofficially, the Naira remained stable closing at N472.
The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Thursday.
The opening indicative rate was N387.32 to a dollar on Wednesday.
The CBN still continues to warn against currency speculators who patronize the black market.
At the black market, the naira appreciated marginally by N1 to a dollar to close at N461 to a dollar.
Forex turnover at the Investor and Exporters (I&E) window on Wednesday, June 24, 2020, stayed relatively flat when compared to the...
Uncertainty of the market remains, particularly due to liquidity shortages across markets.
The foreign reserves stood at $36.33 billion droppings by $119.25 million, week on week.
Many portfolio investors were unable to move their money from the country due to FX limitations. So, they reinvested.