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

 

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.