By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Africa Housing NewsAfrica Housing News
Notification Show More
Aa
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Reading: Naira Sells N410/$ at I&E, Cryptos Appreciate
Share
Aa
Africa Housing NewsAfrica Housing News
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
Search
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Have an existing account? Sign In
Follow US
Africa Housing News > Blog > News > Naira Sells N410/$ at I&E, Cryptos Appreciate
News

Naira Sells N410/$ at I&E, Cryptos Appreciate

Fesadeb
Last updated: 2021/05/01 at 1:24 PM
Fesadeb Published May 1, 2021
Share
SHARE

The Naira extended its recent gains on Friday, April 30 against the US Dollar at the Investors and Exporters (I&E) window of the foreign exchange (FX) market.

The Naira appreciated by 0.24 per cent or N1 against the greenback at the I&E window yesterday to sell for N410/$1 compared with N411/$1 it finished on Thursday.

The domestic currency sustained its positive performance at the market segment on the back of ease in demand pressure as the turnover recorded during the session reduced by 48.6 per cent or $53.65 million.

Data obtained by Business Post from FMDQ Securities Exchange showed that the value of FX transacted at the investors’ window decreased to $56.81 million from the previous day’s $110.46 million.

However, at the parallel market, the value of the Naira remained unchanged against the US Dollar yesterday at N485/$1 but it depreciated against the Pound Sterling and the Euro.

Against the British currency, the local currency lost N3 to trade at N675/£1 compared to Thursday’s N672/£1 and against the European nations’ currency, it depreciated by N1 to close at N585/€1 in contrast to N584/£1 it settled a day before.

At the interbank segment of the market, the Nigerian currency continued its stability against the American Dollar as it closed on Friday at N379/$1.

Renewed Interest Drives Crypto Up

Meanwhile, at the cryptocurrency market, there was renewed confidence as most of the digital assets tracked by Business Post were bullish.

The Bitcoin (BTC) appreciated by 7.3 per cent to trade at N28,000,000, the Ethereum (ETH) grew by 6.0 per cent to sell at N1,347,800.00, while the Ripple (XRP) improved by 14.6 per cent to trade at N776.04.

Source: Business Post

You Might Also Like

Senator Akintunde Advocates Full Privatisation of Power Sector, Calls for Subsidy Reintroduction

Ohanaeze Youths Hail Launch of Enugu Air, Say Mbah Unlocking Economic Opportunities

Ogun Government to Launch Environmental Watchdog to Tackle Floods, Waste, and Infrastructure Abuse

Governor Lawal Distributes 59,205 Bags of Fertiliser to Boost Agriculture in Zamfara

How NASS, FRC Collaboration Boosted GOEs’ Surplus from N200bn to Over N2trn

Join Our Whatsapp Group

Contact Image

Join Our WhatsApp Channel

Housing TV Africa is the First Housing News Television
in Africa on Startimes Channel 149 bringing you
Housing News, Mortgage News, Construction News etc

Fesadeb May 1, 2021 May 1, 2021
Share this Article
Facebook Twitter Email Print
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

© Africa Housing News. All Rights Reserved 2024

Welcome Back!

Sign in to your account

Lost your password?