
Naira Depreciates to N1,420 per Dollar in Parallel Market
The Nigerian naira weakened to N1,420 per US dollar in the parallel market on Monday, down from N1,406 last weekend, according to Vanguard News.
5 articles tagged with “Naira”

The Nigerian naira weakened to N1,420 per US dollar in the parallel market on Monday, down from N1,406 last weekend, according to Vanguard News.

The Nigerian naira's float policy has deepened the divergence between official and black market dollar rates, creating challenges for businesses and undermining reform gains.

Nigeria's naira weakened to N1,425 per dollar in the parallel market due to seasonal dollar demand, even as a prior report noted a temporary appreciation to N1,400.

The Nigerian naira was valued at ₦1,372.96 against the US dollar in the official foreign exchange market on July 8, 2026, according to official data from the Nigerian Foreign Exchange Market.

The Nigerian naira strengthened to N1,395 per US dollar in the parallel market on July 3, 2026, up from N1,403 the previous day, according to Vanguard News.