Business

Naira Closes At N765/$1 at I&E Window on Thursday


The naira, on Thursday, depreciated at the Investors and Exporters’ (I&E) forex window to N765/$1, compared to the N763/$1 it closed the previous day, indicating a N2 depreciation for the nation’s currency.


However, on the I & E FX window, the highest spot rate observed during the day was N801/$1. Also, the lowest spot rate recorded on Thursday was N446/$1.

 Furthermore, the daily turnover on the I&E window reached $204.84 million, marking the highest turnover since the central bank’s efforts to unify the exchange rate began.


On the other hand, at some parallel market points surveyed in Lagos, the naira appreciated yesterday slightly, from the N765/$1 it closed on Wednesday, to N762/$1 on Thursday, indicating a N3 gain for the naira.

Nume Ekeghe

Follow us on:

Nume Ekeghe

Recent Posts

Philippines Stockpiles Food, Evacuates Towns As Typhoon Yinxing Threatens Northeast

The Philippines is stockpiling food, evacuating towns, and deploying soldiers in preparation for Typhoon Yinxing,…

10 mins ago

Harris Wraps Up Campaign in Philadelphia, Trump Rallies in Michigan as Tight Election Nears

Harris has concluded her campaign in Philadelphia while Trump gathers support in Michigan as election…

24 mins ago

Pennsylvania Judge Approves Elon Musk’s $1Million Voter Giveaway

A Pennsylvania judge has approved Elon Musk's plan to give away $1 million in support…

38 mins ago

Israel Hostages Forum Calls for Investigation into Leak of Confidential Documents by Netanyahu Aide

The Israel Hostages Group has urged for an investigation after a Netanyahu aide allegedly leaked…

39 mins ago

Japan Launches World’s First Wooden Satellite LignoSat To Test Timber’s Potential In Space

Japan has launched LignoSat, the world’s first wooden satellite, to explore timber's potential in sustainable…

42 mins ago

Rights Activists Demand Release of Iranian Woman Detained For Undressing In Defiance Of Hijab Laws At University

Human Rights activists have renewed calls for Iran to release a woman who undressed in…

1 hour ago