• Advertise
  • Opinion
  • Features & Interviews
  • Investigation
  • Contact
Thursday, July 7, 2022
  • 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
    TRACE Naija Unveils Live Performance Act By Veteran Nigerian Music Pop Duo- P-Square

    TRACE Naija Unveils Live Performance Act By Veteran Nigerian Music Pop Duo- P-Square

    Big Brother Naija  Season 7 Premieres July 23 ..   As Winner Gets N100M Prize Money,

    Big Brother Naija Season 7 Premieres July 23 .. As Winner Gets N100M Prize Money,

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    CAF to launch $200 million African Super League in August 2023

    CAF to launch $200 million African Super League in August 2023

    Sanwo-Olu Grants Funke Akindele, Husband, 56 Others State Pardon

    Marriage Collapse: Funke Akindele Allegedly Chased Husband Away Because Of Infidelity

    Funke Akindele’s Marriage Crumbles Again As Hubby Confirms Seperation Rumours

    Funke Akindele’s Marriage Crumbles Again As Hubby Confirms Seperation Rumours

    WizKid, Tems Award Winning ‘Essence’ raking in over $1m in Estimated Streaming Revenues

    WizKid, Tems Award Winning ‘Essence’ raking in over $1m in Estimated Streaming Revenues

    2020 AFRIMA Postponed Till Next Year Over Covid-19

    AFRIMA 2022: Entry Submission Portal Closes on August 5

    Club Shooting: Burna Boy’s Police Escorts Say Bullets Fired Not from Their Guns

    Club Shooting: Burna Boy’s Police Escorts Say Bullets Fired Not from Their Guns

    AFRIMA Meets ECCAS, UNESCO in Gabon, Discusses Plans to Stimulate Africa’s Creative Economy

    AFRIMA Meets ECCAS, UNESCO in Gabon, Discusses Plans to Stimulate Africa’s Creative Economy

  • 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
    TRACE Naija Unveils Live Performance Act By Veteran Nigerian Music Pop Duo- P-Square

    TRACE Naija Unveils Live Performance Act By Veteran Nigerian Music Pop Duo- P-Square

    Big Brother Naija  Season 7 Premieres July 23 ..   As Winner Gets N100M Prize Money,

    Big Brother Naija Season 7 Premieres July 23 .. As Winner Gets N100M Prize Money,

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    CAF to launch $200 million African Super League in August 2023

    CAF to launch $200 million African Super League in August 2023

    Sanwo-Olu Grants Funke Akindele, Husband, 56 Others State Pardon

    Marriage Collapse: Funke Akindele Allegedly Chased Husband Away Because Of Infidelity

    Funke Akindele’s Marriage Crumbles Again As Hubby Confirms Seperation Rumours

    Funke Akindele’s Marriage Crumbles Again As Hubby Confirms Seperation Rumours

    WizKid, Tems Award Winning ‘Essence’ raking in over $1m in Estimated Streaming Revenues

    WizKid, Tems Award Winning ‘Essence’ raking in over $1m in Estimated Streaming Revenues

    2020 AFRIMA Postponed Till Next Year Over Covid-19

    AFRIMA 2022: Entry Submission Portal Closes on August 5

    Club Shooting: Burna Boy’s Police Escorts Say Bullets Fired Not from Their Guns

    Club Shooting: Burna Boy’s Police Escorts Say Bullets Fired Not from Their Guns

    AFRIMA Meets ECCAS, UNESCO in Gabon, Discusses Plans to Stimulate Africa’s Creative Economy

    AFRIMA Meets ECCAS, UNESCO in Gabon, Discusses Plans to Stimulate Africa’s Creative Economy

  • 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 Drops at Official Market Amid External Reserve Slump

by Segun Adewunmi
December 8, 2021
in Business
2 min read
0
0
WorldRemit Supports CBN’s Extension of Naira4Dollar Scheme
Share on FacebookShare on Twitter

The exchange rate between the naira and the US dollar closed at N415.07/$1 at the official Investors and Exporters (I&E) window.

Naira depreciated against the US dollar on Monday to close at N415.07/$1, representing a 0.02% drop compared to N415/$1 recorded in the previous trading sessions as a drop in the country’s external reserves continues with a decline of $113 million.

However, the naira remained unchanged against the US dollar on Tuesday as it closed at N570/$1. This was the same rate that was recorded in the previous trading session. This is according to information obtained from BDC operators.

The local currency continued its slump at the official market as Forex turnover dropped by 34%.

The exchange rate at the Investors and Exporters window depreciated by 7 kobo to close at N415.07/$1 on Tuesday, compared to N415/$1 recorded at the last trading session.

The opening indicative rate closed at N413.63/$1 on Tuesday, which represents a 22 kobo gain compared to N413.85/$1 recorded in the previous trading session.

An exchange rate of N463.10/$1 was the highest rate recorded during intra-day trading before it settled at N415.07/$1, while it sold for as low as N404/$1 during intra-day trading.

Forex turnover at the official window dropped by 34.04% to $149.01 million on Tuesday.

According to data tracked from FMDQ, forex turnover at the I&E window declined from $225.94 million recorded on Monday 6th December 2021 to $149.01 million on Tuesday.

Follow us on social media
  • Facebook
  • Twitter
  • Instagram

Share this:

  • Twitter
  • Facebook

Like this:

Like Loading...
Tags: DollarExchange rateNaira
Previous Post

Covid-19: Nigeria Wasted At Least One Million Vaccines In November

Next Post

Covid-19: FG to Slam Airlines $3,500 Per Passenger for Flouting Travel Protocols

Segun Adewunmi

Segun Adewunmi

Related Posts

CBN Advises Banks, Financial Institutions On Open Banking

CBN Advises Banks, Financial Institutions On Open Banking

by kindness Ike
July 6, 2022
0

The Central Bank of Nigeria (CBN) has advised banks and other financial institutions to embrace opportunities represented in open banking...

Euro Slumps As Recession Risk Stalks Eurozone

Euro Slumps As Recession Risk Stalks Eurozone

by kindness Ike
July 6, 2022
0

The euro on Tuesday slumped to its lowest level since 2002 and European stock markets sank as growing recession risks...

Next Post
Two Airplanes Collide at Lagos International Airport

Covid-19: FG to Slam Airlines $3,500 Per Passenger for Flouting Travel Protocols

Please login to join discussion

Recommended

Former aide to Prince Charles steps down over cash-for-honors scandal

Former aide to Prince Charles steps down over cash-for-honors scandal

10 months ago
Business Owners on Lagos Airport Road Denies Pre-Notice by State Government

Business Owners on Lagos Airport Road Denies Pre-Notice by State Government

2 years ago

Popular News

    Newsletter

    Connect with us

    Tags

    #EndSARS #EndSARS Protests 2023 Elections 2023 polls 2023 Presidency ACCIDENT All progressives Congress APC Babajide Sanwo-Olu Bitcoin CBN Central Bank of NIgeria China Coronavirus pandemic Covid-19 Covid-19 in Lagos Covid-19 in Nigeria Covid-19 Vaccine Covid-19 Worldwide Cryptocurrency Donald Trump Dubai EFCC Federal Government Federal Government of Nigeria Fraud Gov. Sanwo-Olu Insecurity Lagos state Lagos State Government Lagos State House of Assembly Lagos State Police command LASEMA Latest jobs in lagos Lekki Tollgate Shooting Muhammadu Buhari Murder NDLEA Nigeria Rape Russia 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: