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Naira rises to N1,380/$ in parallel market
ECONOMY● Positive
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Naira rises to N1,380/$ in parallel market
The Naira has appreciated to N1,380 per dollar in the parallel market, showing a slight improvement from the previous day. It also rose to N1,361 per dollar in the Nigerian Foreign Exchange Market.
BF
The Briefing Africa
May 7, 2026 · 04:42 · 5 min read
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The Naira has appreciated to N1,380 per dollar in the parallel market, showing a slight improvement from the previous day. It also rose to N1,361 per dollar in the Nigerian Foreign Exchange Market.
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The recent appreciation of the Naira indicates a potential stabilization in the currency's value, which could positively impact economic confidence and trading activities in Nigeria.