Naira falls as external reserves decline by $3.4bn

Naira fell against the dollar across foreign exchange (FX) markets on Friday as pressured external reserves declined by $3.42 billion all through 2022.

At the close of trading on Friday, Naira lost 0.04 percent as the dollar was quoted at N461.67 compared to N461.50 quoted on Thursday at the Investors and Exporters (I&E) forex window, Nigeria’s official FX market.