• Advertise
  • Opinion
  • Features & Interviews
  • Investigation
  • Contact
Tuesday, June 6, 2023
  • Login
No Result
View All Result
NEWSLETTER
The Lagos Today
  • Home
  • News
    • Lagos News
    • National News
    • World News
  • Entertainment⚡ by CRAWL
    • All
    • Art & Design
    • Books
    • Movie
    • Music
    • Sports
    Arsenal’s Bukayo Saka visits Lagos

    Arsenal’s Bukayo Saka visits Lagos

    Eko Football: Fouad Oki elected Chairman LSFA

    Eko Football: Fouad Oki elected Chairman LSFA

    FIFA U-20: Nigeria defeats Italy

    FIFA U-20: Nigeria defeats Italy

    Kuti turns self in over assault on Policeman 

    Seun Kuti: Magistrate dismisses application to arraign singer by Police

    Manchester City Win Premier League

    Manchester City Win Premier League

    Kuti turns self in over assault on Policeman 

    Femi Kuti Speaks On Brother’s Arrest, Says ‘We’ve Got The Best Lawyer’

    Update: Kuti detained in Panti, Lagos

    Update: Kuti detained in Panti, Lagos

    Malik family emerge winners in Lagos Squash Classics

    Malik family emerge winners in Lagos Squash Classics

    Kuti turns self in over assault on Policeman 

    Kuti turns self in over assault on Policeman 

    19 players compete for $12,000 at Squash Classics in Lagos today

    19 players compete for $12,000 at Squash Classics in Lagos today

  • Opinion
  • Business
  • Features & Interviews
  • Best Of Lagos
    Lagos welcomes The Art hotel: A flamboyant 5 star Business Boutique Hotel

    Lagos welcomes The Art hotel: A flamboyant 5 star Business Boutique Hotel

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    A Rare Hobby: Sports Fishing In Lagos

    A Rare Hobby: Sports Fishing In Lagos

    Chef Nkesi- Experiencing Different Cultures Through Food

    Chef Nkesi- Experiencing Different Cultures Through Food

    Wumi Jubril: Creating Memorable Experiences

    Wumi Jubril: Creating Memorable Experiences

    Nordic hotel

    Nordic Hotel Makes Grand Debut in Lagos

  • Things To Do
  • Home
  • News
    • Lagos News
    • National News
    • World News
  • Entertainment⚡ by CRAWL
    • All
    • Art & Design
    • Books
    • Movie
    • Music
    • Sports
    Arsenal’s Bukayo Saka visits Lagos

    Arsenal’s Bukayo Saka visits Lagos

    Eko Football: Fouad Oki elected Chairman LSFA

    Eko Football: Fouad Oki elected Chairman LSFA

    FIFA U-20: Nigeria defeats Italy

    FIFA U-20: Nigeria defeats Italy

    Kuti turns self in over assault on Policeman 

    Seun Kuti: Magistrate dismisses application to arraign singer by Police

    Manchester City Win Premier League

    Manchester City Win Premier League

    Kuti turns self in over assault on Policeman 

    Femi Kuti Speaks On Brother’s Arrest, Says ‘We’ve Got The Best Lawyer’

    Update: Kuti detained in Panti, Lagos

    Update: Kuti detained in Panti, Lagos

    Malik family emerge winners in Lagos Squash Classics

    Malik family emerge winners in Lagos Squash Classics

    Kuti turns self in over assault on Policeman 

    Kuti turns self in over assault on Policeman 

    19 players compete for $12,000 at Squash Classics in Lagos today

    19 players compete for $12,000 at Squash Classics in Lagos today

  • Opinion
  • Business
  • Features & Interviews
  • Best Of Lagos
    Lagos welcomes The Art hotel: A flamboyant 5 star Business Boutique Hotel

    Lagos welcomes The Art hotel: A flamboyant 5 star Business Boutique Hotel

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    A Rare Hobby: Sports Fishing In Lagos

    A Rare Hobby: Sports Fishing In Lagos

    Chef Nkesi- Experiencing Different Cultures Through Food

    Chef Nkesi- Experiencing Different Cultures Through Food

    Wumi Jubril: Creating Memorable Experiences

    Wumi Jubril: Creating Memorable Experiences

    Nordic hotel

    Nordic Hotel Makes Grand Debut in Lagos

  • Things To Do
No Result
View All Result
The Lagos Today
No Result
View All Result
Home Business

Naira Appreciates at Forex Markets Amid Dollar Supply Boom, Weak Demand

by Segun Adewunmi
August 2, 2021
in Business
1 min read
0
0
Naira Slopes in Parallel Market
Share on FacebookShare on Twitter

The exchange rate between the naira and the US dollar closed lower at N411.44/$1 at the official Investors and Exporters window. 

Naira appreciated against the US dollar to close at N411.44/$1 on Friday, representing a 0.06% gain compared to N411.67/$1 recorded on the previous day.  

Also, naira appreciated the parallel market to close at N515/$1, having traded at N520/$1 on the previous day. This represents a N5 gain when compared to the previous day’s rate as dollar supply rose significantly by 108.5% 

The recovery is coming after exchange rate had had dropped following the announcement of the ban placed on the sale of forex to BDC operators in Nigeria by the CBN Governor, Godwin Emefiele.  

The naira strengthened further as dollar demand dropped with the BDC operators assuring of continuous provision of foreign exchange services despite non-allocation of forex by the CBN. 

Meanwhile, forex turnover at the Investors and Exporters (I&E) window rose by 108.5% on Friday.

According to data tracked from FMDQ, forex turnover increased from $58.07 million recorded on Thursday, 29th July 2021 to $121.08 million on Friday.

Follow us on social media
  • Facebook
  • Twitter
  • Instagram

Share this:

  • Twitter
  • Facebook

Like this:

Like Loading...
Tags: DollarFOREXForex MarketInvestors and Exporters WindowNaira
Previous Post

LASG Arrests Man For Assaulting LASBCA Officials

Next Post

NCC Says Nigerians Spent N1.77trn on National Calls, SMS Last Year

Segun Adewunmi

Segun Adewunmi

Related Posts

EXCLUSIVE : International Flights to Open October 15

Nigeria withholds $812m Unrepatriated Airlines’ funds – IATA

by Segun Adewunmi
June 5, 2023
0

The International Air Transport Association (IATA) has said Nigeria is withholding $812m unrepatriated airlines’ funds. This is as Africa’s most...

Nigerian Youth Protests against Access Bank, Urge Fellow Youth to Close Accounts

Eleven banks earn N307.472b from e-business in 2022

by Rosemary Opara
June 5, 2023
0

...UBA, Access Holdings earn the most Eleven Nigerian banks listed on the Nigerian Exchange collectively earned N307.472 billion from electronic-business...

Next Post
Active Internet Subscribers In Nigeria Rises By 4.59% In 2020 Q2

NCC Says Nigerians Spent N1.77trn on National Calls, SMS Last Year

Please login to join discussion

Recommended

ICPC Arrests 4 NIS Officials, 1 Individual in Lagos Over Alleged Graft

FG commences Disposing of Forfeited Assets acquired with Crime Proceeds – ICPC

7 months ago
BREAKING: Fuel Tanker Crashes, Spills Content on Ishaga Road

One Dies, 10 Injured On Abeokuta-Sagamu Expressway Auto Crash

11 months ago

Popular News

    Newsletter

    Connect with us

    Tags

    #EndSARS 2023 Elections 2023 polls 2023 Presidency Academic Staff Union of Universities (ASUU) ACCIDENT Africa All progressives Congress APC Asiwaju Bola Tinubu Babajide Sanwo-Olu Bitcoin CBN Central Bank of NIgeria Central Bank of Nigeria (CBN) China Coronavirus pandemic Covid-19 Covid-19 in Lagos Covid-19 in Nigeria Covid-19 Vaccine Cryptocurrency Donald Trump Drug Trafficking EFCC Federal Government Federal Government of Nigeria Fraud Gov. Sanwo-Olu Insecurity Lagos-Ibadan expressway Lagos state Lagos State Government Lagos State Police command Muhammadu Buhari Murder Naira NDLEA New naira notes Nigeria Rape Strike action UK United states US

    News

    • Business
    • National
    • Politics
    • Tech

    Opinion

    • Editorials
    • Today’s Opinion
    • Letters
    • Sunday Review
    • Advertise
    • Opinion
    • Features & Interviews
    • Investigation
    • Contact

    © 2020 The Lagos Today - Nkali.

    No Result
    View All Result
    • Home
    • News
      • Lagos News
      • National News
      • World News
    • Entertainment
    • Opinion
    • Business
    • Features & Interviews
    • Best Of Lagos
    • Things To Do

    © 2020 The Lagos Today - Nkali.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Create New Account!

    Fill the forms bellow to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    %d bloggers like this: