Nigerian Currency Hits New Low, Exchanging at N1,400 to the US Dollar on the Black Market
The Naira saw a notable improvement in value yesterday, with its exchange rate rising to N1,400 per dollar in the parallel market, a gain from the N1,410 per dollar recorded on Tuesday.
nIn a contrasting development, the Nigerian Foreign Exchange Market, NFEM, witnessed a decline in the Naira's value, with the currency depreciating to N1,363 per dollar.
nAccording to data released by the Central Bank of Nigeria, CBN, the indicative exchange rate in the market increased to N1,363 per dollar, up from N1,359.5 per dollar on Tuesday, marking a depreciation of N3.5 for the Naira.
nThe difference in exchange rates between the parallel and official markets narrowed to N37 per dollar, a reduction from the N50.5 per dollar gap recorded on Tuesday.
Related Stories
General NewsCELEBRATING TWO YEARS OF TRANSFORMATIONAL LEADERSHIP IN THE PRESIDENTIAL AMNESTY PROGRAMME
Tomorrow, 14TH March 2026, as we look forward to the second anniversary, we reflect on the remarkable two years since the Administrator of the Preside
General NewsPRESIDENTIAL AMNESTY PROGRAMME PHASE 3: DISREGARD PURPORTED STATEMENT ON DELAYED ITA PAYMENTS — OFFICE OF NATIONAL CHAIRMAN
The Office of the National Chairman of the Presidential Amnesty Programme Phase 3, General Elaye ThankGod Dollar Slaboh, has called on beneficiaries a
General NewsRE: CLARIFICATION ON MY PERSONAL RELATIONSHIPS
PUBLIC NOTICErnrnRE: CLARIFICATION ON MY PERSONAL RELATIONSHIPSrnrnIt has become necessary to make this public clarification following the increasing