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.
The US dollar closed at ₦470/US$1 in the parallel market
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.
At the black market where forex traded unofficially, the exchange rate continued to remain stable at N470/$1 on Thursday.
The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Wednesday, closing at N394.50/$1.
The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Tuesday, closing at N393.83/$1.
