The naira fell slightly at the parallel market as it exchanged to the dollar for N460/$ as of close of trading yesterday
The naira had exchanged to the dollar on Friday for 458/$.
This is as the country ’s external reserves continued to maintain its downward trend .
Figures obtained from the Central Bank of Nigeria revealed that the country ’s external reserves which stood at $35.75bn as at 2nd October had lost $78.34m to close at $35.67bn as at 16th October.
The CBN had stated in its policy guidelines for fiscal years 2020/2021 that external reserves were expected to lie between $ 29.9bn and $34.3 bn by 2020 ending