The exchange rate appreciated on Monday as external reserves cross $36.3 billion
Pressure on FX will continue in 2021 as a result of thin reserve buffers and recovering domestic demands.
The Naira remained stable against the dollar at the Investors and Exporters (I&E) window on Friday, closing at N394.67/$1.
According to a recent report, the exchange rates at the parallel market and the I&E FX window are expected to converge in 2021.
Jerome Powell recently spoke on why the U.S central bank had no reason to rush into central bank digital currencies.
The U.S. Dollar Index which tracks the greenback against a basket of major currencies inched up 0.05% to 90.4020.
The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Wednesday.
Nigeria's external reserves rose to the highest level since July 2020
The exchange rate at the parallel market suffered its second depreciation of the year.
At the black market where forex traded unofficially, the exchange rate depreciated to close at N472/$1.