The naira has continued its downward trend, falling further to N390 to a dollar as against its 385 stand at the close of business on Thursday.
Also, the nation’s foreign reserves took a break from its upward journey, losing about $52 million to stand $30.296 billion from $30.348 billion. The liquid amount in the reserves is about $29.6 billion and about $674 million being blocked. The foreign reserves hit $30 billion weeks back – for the second time since President Muhammadu Buhari assumed power in May 2015, and reached its highest point since October 2015.