 Nigeria's external reserves fell by $1.4 billion. The reserves, which stood at $35.25 billion as of April's extent, fell to $34.23 billion as of May 31 and $33.85 billion as of June 15. Speaking under the client and external reserves at the recent Monetary Policy Committee meeting, the CBN governor, Gaudwin Amy-Fellay, said these reflect sales to the foreign exchange market and third-party payments. In March, the reserves lost $178 million after dropping from $34.99 billion as of March 1 to $34.82 billion as of March 31. Meanwhile, the Naira fell to $500 against the parallel market on Wednesday from $495 billion last week.