The exchange rate between the naira and the US Dollar closed at N409.3/$1 at the I&E window as oil prices closed negative.
Nigeria recorded its highest foreign trade deficit since 1981 as the country's trade balance stood at -N7.38 trillion in 2020
Naira gained against the US Dollar on Thursday to close at N409/$1, representing a 0.52% gain compared to N411.13/$1 previously recorded
Nigeria's foreign reserve of $34.74 billion is the lowest in 10 months.
Data from the Central Bank of Nigeria has shown that Nigeria's external reserve rose to $44 billion at the end of March 2019.