Nigeria’s external reserve depreciated by 0.09% on Thursday, 29th April to stand at $39.58 billion, compared to $39.62 billion recorded as of the previous day.
The naira on Wednesday, 4th May 2022 closed at N418/$1 at the Investors and Exporters (I&E) window.
According to Nairametrics, the exchange rate at the official window strengthened on Wednesday to close at N418/$1 compared to N419/$1 recorded as of the close of trading activities in the previous week. A total of $162.7 million in FX value was traded on Wednesday, which is 2.6% higher than the $158.55 million traded on Friday last week.
However, at the parallel market, naira exchanged N590 to a dollar.
Nairametrics reported that this is according to information obtained from BDCs operating in Nigeria.