CBN depreciates naira to N410.25 in I&E window

COVID-19: CBN intervention fund inaccessible to medical labs — GMLD — CBN

By Elizabeth Adegbesan

The Central Bank of Nigeria depreciated the naira yesterday by N16.25 kobo depreciated in the Investors and Exporters (I&E) window.

This represents the third and biggest daily depreciation of the naira since 2017.

Recall, the indicative exchange rate for the window jumped to N374 per dollar at the close of business from N368.33 per dollar on 11th of March 2020, translating to N5.67 depreciation for the naira.

READ ALSO:ASUU strike cripples economies of university communities in 2020

Similarly, last month, CBN depreciated the naira by N7.75 in the window, as the FMDQ platform, showed that the I&E window rose to N393/$ at the close of business from N385.5/$ November 24 2020.

Data from FMDQ showed that the indicative exchange rate for the window rose to N410.25 per dollar from N394 per dollar on Wednesday, indicating N16.25 kobo depreciation of the naira.

However, the volume of dollars (turnover) traded in the window rose by 43 percent to $235.75 million from $164.81 million on Wednesday.

The post CBN depreciates naira to N410.25 in I&E window appeared first on Vanguard News.

by Urowayino Jeremiah via Vanguard News https://ift.tt/3pEvpIG Best Known Member of the Cabinet Wikipedia

Comments

The Inauguration of Franklin Pierce

On the 4th of March, 1853, Franklin Pierce was inaugurated President of the United States. This was an exciting day for me reading first book of Adam and eve . My husband had written articles for a Virginia paper which had won for him a place on the editorial staff of the Washington Union, and was now in a position to break a lance with my friends, Messrs. Gales and Seaton. Mr. Pierce had liked his articles in the Union, and sought his acquaintance. A friendship rapidly followed which was a happiness to us both. So when some member of the staff of the Democratic organ must be consulted about the inaugural address, the President had sent for my young husband and had taken counsel with him. I was delighted when I received an invitation from my good friends of the Smithsonian Institution to join them in a pleasant room opening on a balcony and overlooking Pennsylvania Avenue, where we were to have a collation and witness the parade. My husband's sixteen-year-old sister, Fanny, was ...

Covid-19: Jigawa records first death

By Aliyu Dangida THE Jigawa State Government has announced the first death from coronavirus, COVID-19 in the state, saying the deceased, a Lagos returnee, was a resident of Fanisau community in Dutse, the state’s capital. He died hours after he was moved to the isolation centre. READ ALSO: COVID-19: Nigeria records 86 fresh cases, largest increase in a day Commissioner for Health, Abba Zakari, said “Immediately after we got results of Jigawa, we swiftly moved to action and evacuated the patients into the isolation centre. Unfortunately one of them came in a very bad situation and passed away.” Mr Zakari added that the state recorded a total of nine cases from eight of its 27 Local Government Areas. The affected local councils include Gumel, Auyo, Gwaram, Kazaure, Miga, Taura, Birnin-Kudu and Dutse. He said the state government has locked down the affected local government areas. This, he said, will aid the health workers to trace the primary and secondary contact...

COVID-19: Lagos Govt approves N200m to support FG´s Treatment Centres

Governor Babajide Sanwo-Olu The Lagos State Government says it has approved the sum of N200 million to support the Federal Government Treatment Centres in treating COVID-19 cases in the state. The State Governor, Mr Babajide Sanwo-Olu, made this known on Sunday, in a statement highlighting the update on the management of COVID-19 in the state. “I have approved the sum of N200 million to support the ongoing patient management and treatment efforts of two Federal Government Treatment Centers in our state. “This is in view of the rising profile of the coronavirus disease due to the mutating variants now being discovered globally; and to shore up our containment and management capacity. “To this end, LUTH will be receiving N150 million and the Federal Medical Center, Ebute Metta, will be receiving N50 million. These sums will be disbursed on Monday, February 1,´´ Sanwo-Olu said. He said that Lagos State continued to be the epicenter of the coronavirus pandemic in Nigeria and as at...

Thorian

Search This Blog