Naira fell to its lowest stage since 4th January 2022, depreciating by 0.32 per cent on Thursday to shut at N418.33/$ in comparison with N417/$ recorded within the earlier buying and selling session.
In the identical vein, the overall quantity of foreign exchange gross sales declined by 2.81 per cent to $151.07 million.
The alternate charge on the peer-to-peer market appreciated by 0.269 per cent on Thursday morning to commerce at a minimal of N589.5/$, in distinction to the N591.09/$ recorded as of the identical time of the day past.
In the meantime, the alternate charge on the parallel market closed at N580/$, on Thursday, appreciating by 1.53 % in comparison with N589/$ traded in the day past.
That is based on info obtained from BDCs working in Nigeria.
The opening indicative charge closed at N418.25/$ on Wednesday, twentieth April 2022, which is 80 kobo increased than the N417.45/$ recorded within the earlier buying and selling session.
An alternate charge of N444/$1 was the very best charge recorded throughout intra-day buying and selling earlier than it settled at N418.33/$, whereas it offered for as little as N410/$ throughout intra-day buying and selling,
A complete of $151.1 million was traded in international alternate on the official Buyers and Exporters window on Wednesday.
In response to the info from the FMDQ, foreign exchange turnover decreased marginally by 2.81 per cent from $155.44 million recorded pm Tuesday to $151.07 million on Wednesday, twentieth April 2022.
The Central Financial institution has continued to intervene within the official foreign exchange market from the exterior reserve so as to keep the steadiness of the native foreign money.