FRI, APRIL. 21 2023-theGBJournal | Nigeria’s FX reserve declined by US$79.77 million w/w to close at USD35.33 billion (19 April).
Meanwhile, the naira appreciated by 0.1% to N463.67/USD at the I&E window (IEW), with total turnover at the window (as of 19 April 2023) decreasing by 19.7% WTD to US$290.46 million, as trades were consummated within the N460.00 – N480.18/US$ band.
In the Forwards market, the naira rates recorded for the 1-month (+0.1% to N468.68/USD) and 1-year (+0.3% to N560.79/USD) contracts increased, but depreciated on the 3-month (-0.8% to N489.86/USD) and 6-month (-0.6% to N516.33/USD) contracts.
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