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BREAKING: Nigeria’s External Reserves Fall To Lowest In 2022

Posted by Thandiubani on Thu 20th Oct, 2022 - tori.ng

The country is facing demand pressure at the black market where forex is trading unofficially falling to as low as N745/$1 on Thursday.

 
Nigeria’s external reserve has fallen to its lowest of $37.7 billion as of October 18, 2022 this year.
 
Nairametrics reported that this is based on data from the central bank.
 
This comes at a time the country is  facing demand pressure at the black market where forex is trading unofficially falling to as low as N745/$1 on Thursday.
 
However, the exchange rate at the investors and exporter window where forex is traded officially closed at N441.5/$1 on Wednesday, 19th October 2022, a slight fall of 0.06% from N441.25/$1 recorded in the previous trading session. 
 
Nigeria’s external reserve stood at $37.76 billion as of 18th October 2022, a decline of 0.1% when compared to $37.96 billion recorded the previous day.


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