Thursday, March 23, 2023
No Result
View All Result
SUBSCRIBE
eNaira Online News
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
eNaira Online News
No Result
View All Result

Fitch Forecasts Brent Crude Price at $100 Per Barrel for 2022

by e-Naira Online News
June 10, 2022
in Finance
Reading Time: 3 mins read
A A
0
Home Finance
Share on FacebookShare on Twitter


By Adedapo Adesanya

The Naira strengthened against the US Dollar as it soared by N1.25 or 0.30 per cent at the Investors and Exporters (I&E) window of the foreign exchange market on Friday, June 10.

At the specialised window, where investors source FX for approved needs, the local currency was exchanged at N421.25 compared with the previous day’s N422.50/$1.

This happened on the back of a 31.6 per cent or $48.6 million reduction in the value of forex trades at the spot market during the session. Transactions worth $105.11 million were carried out during the session compared with the $153.71 million achieved in the preceding day.

However, the Naira depreciated at the Peer-to-Peer (P2P) segment of the FX market yesterday as it lost N1 against the Dollar to settle at N616/$1 versus N615/$1 on Thursday.

In the interbank window, the local currency traded flat against the Pound Sterling at N521.49/£ and recorded the same outcome against the Euro as it remained unchanged at N446.39/€1.

At the cryptocurrency market, the majority of the tokens monitored by Business Post closed bearish on Friday, following the increase in the inflation rate in the United States by 1.0 per cent.

The data, which was released yesterday, suggests that the US Federal Reserve, its equivalent of a central bank, could continue with its 50 basis points interest rate hikes through the next three months.

These fears weakened the TerraUSD (UST) further by 8.2 per cent to $0.0099 as Solana (SOL) went down 8.2 per cent to trade at $37.22, with Ethereum (ETH) losing 6.8 per cent to sell at $1,670.06.

In addition, Cardano (ADA) fell by 6.7 per cent to $0.5898, Ripple (XRP) recorded a 5.3 per cent fall to trade at $0.3853, Litecoin (LTC) went down by 4.6 per cent to trade at $57.25, Dogecoin (DOGE) saw a 4.2 per cent slump to trade at $0.0760, Bitcoin (BTC) retreated by 2.7 per cent to $29,285.07, while Binance Coin (BNB) recorded a 1.3 per cent loss to sell at $287.98.

The US Dollar Tether (USDT) was the only gainer as it moved higher by 0.01 per cent to settle at $0.9993.

Like this:

Like Loading…

Related





Source link

Tags: barrelBrentcrudeFitchForecastsprice
Previous Post

Carbon Dives into Buy Now, Pay Later Market

Next Post

FBN Holdings to Improve Operating Model for More Efficiencies

Related Posts

UK to ban TikTok from parliament’s devices
Finance

UK to ban TikTok from parliament’s devices

by e-Naira Online News
March 23, 2023
Consider A Corporate Booking Tool For Your Business
Finance

Consider A Corporate Booking Tool For Your Business

by e-Naira Online News
March 23, 2023
Gainers and losers of CBN’s cash swap, naira redesign policy
Finance

Gainers and losers of CBN’s cash swap, naira redesign policy

by e-Naira Online News
March 23, 2023
Why CBN’s monetary policy tools can’t bring down inflation
Finance

Why CBN’s monetary policy tools can’t bring down inflation

by e-Naira Online News
March 23, 2023
FAAC Allocation To FG, States, LGs In March Shrinks To N722.7bn
Finance

FAAC Allocation To FG, States, LGs In March Shrinks To N722.7bn

by e-Naira Online News
March 23, 2023
Next Post
FBN Holdings to Improve Operating Model for More Efficiencies

FBN Holdings to Improve Operating Model for More Efficiencies

Stocks gain N158bn in week ended June 10

Stocks gain N158bn in week ended June 10

Leave a Reply Cancel reply

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

  • Trending
  • Comments
  • Latest
Ooni elevates shopping experience in Osun community, builds N900m mall

Ooni elevates shopping experience in Osun community, builds N900m mall

March 14, 2023
Realtors optimistic, foresee growth under Tinubu’s presidency

Realtors optimistic, foresee growth under Tinubu’s presidency

March 14, 2023
IFMA conduct tour of BRICS Property to ensure standards

IFMA conduct tour of BRICS Property to ensure standards

March 14, 2023
Firm, bank in N5bn pact to facilitate relocation of building materials dealers

Firm, bank in N5bn pact to facilitate relocation of building materials dealers

March 14, 2023
Live Update: Governorship and State Assemblies Elections

Live Update: Governorship and State Assemblies Elections

March 18, 2023
Tinubu’s cabinet ready 30 days after inauguration – Alake

Tinubu’s cabinet ready 30 days after inauguration – Alake

March 19, 2023
APC South-South groups vow to deliver region

APC South-South groups vow to deliver region

November 12, 2022
Naira Appreciates at Black Market, Peer-to-Peer, I&E

Naira Appreciates at Black Market, Peer-to-Peer, I&E

March 18, 2023
Nigeria Air to begin operation before May 29 — Minister

Nigeria Air to begin operation before May 29 — Minister

March 23, 2023
Nigerian Exchange closes negative as investors lose N7 billion

Nigerian Exchange closes negative as investors lose N7 billion

March 23, 2023
Terraform Labs Co-Founder Do Kwon Arrested in Montenegro, Says Interior Minister – Bitcoin News

Terraform Labs Co-Founder Do Kwon Arrested in Montenegro, Says Interior Minister – Bitcoin News

March 23, 2023
UK to ban TikTok from parliament’s devices

UK to ban TikTok from parliament’s devices

March 23, 2023
Consider A Corporate Booking Tool For Your Business

Consider A Corporate Booking Tool For Your Business

March 23, 2023
Prospect for nuclear power development in Nigeria

Prospect for nuclear power development in Nigeria

March 23, 2023
Implication and prospects of government debt to the Nigerian economy

Implication and prospects of government debt to the Nigerian economy

March 23, 2023
Gainers and losers of CBN’s cash swap, naira redesign policy

Gainers and losers of CBN’s cash swap, naira redesign policy

March 23, 2023

Get the free newsletter

eNaira Online News

Get the latest news and follow the coverage of eNaira, Business & Financial, Stock Market, Analysis, and more from the trusted sources.

CATEGORIES

  • Banking
  • Business
  • Capital Market
  • Companies
  • Crypto
  • eNaira
  • Finance
  • Opinion
  • Personal Finance
  • Real estate
  • Uncategorized
No Result
View All Result

GET THE FREE NEWSLETTER

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.