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Forex: Turnover In I&E Declines By 46% To $1.4bn

Forex: Turnover In I&E Declines By 46% To $1.4bn   The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign exchange market fell by 46 per cent, month-on-month (MoM) to $1.4 billion in April 2023 from $2.6 billion in March. This...

Forex: Turnover In I&E Drops By 69% To $1.5bn

Forex: Turnover In I&E Drops By 69% To $1.5bn   The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market fell 69 percent, year-on-year (YoY), to $1.5 billion in October 2022, from $4.88 billion in October 2021. No...

Foreign Reserves Records Slight Gain As Naira Weaken To N430/$ On I&E Window

Foreign Reserves Records Slight Gain As Naira Weaken To N430/$ On I&E Window   The value of the naira weakened to N430 to the dollar at the Investors’ and Exporters’ window at the end of business last week even as the Nigeria’s external reserves gained slight...

CBN, Importers, Exporters Dominate I&E FX Window – Report

CBN, Importers, Exporters Dominate I&E FX Window - Report   The forex market is segmented with multiple exchange rates, with the Investors and Exporters window (I&E FX) window as the most important rate. In a report, Managing Director, Financial Derivatives Company Limited, Bismarck Rewane, said the Central...

Naira Remains Under Pressure Despite Increase In Forex Reserves

Naira Remains Under Pressure Despite Increase In Forex Reserves   The naira remained under pressure across official and parallel markets despite continuing increase in Nigeria’s foreign exchange (forex) reserves. The naira depreciated by 0.2 per cent at the official Investors and Exporters (I & E) Window and...

Dollar Turnover In I&E Rises By 152% To $2.16bn In January

Dollar Turnover In I&E Rises By 152% To $2.16bn In January The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign exchange market rose sharply by 152 per cent, Year-on-Year (YoY), to $2.16 billion in January 2022 from $906.44...