Forex: Turnover in I&E falls 32% to $20.3bn in 9 months

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By Elizabeth Adegbesan

The volume of transactions (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange (forex) market fell   by 32 per cent, in   nine months (January – September 2021) to $20.25 billion   from $26.8 billion in the corresponding period of 2020.

Financial Vanguard findings from the forex data of the Central Bank of Nigeria, CBN, showed that in the first quarter of the year (Q1’21) turnover stood at $3.7 billion.

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