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Naira rises to N1,382/$ in parallel market
ECONOMY● Positive
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Naira rises to N1,382/$ in parallel market
The Naira has appreciated to N1,382 per dollar in the parallel market, improving from N1,387 the previous day. This slight rise indicates a positive trend for the currency in the informal exchange market.
BF
The Briefing Africa
May 6, 2026 · 03:18 · 5 min read
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The Naira has appreciated to N1,382 per dollar in the parallel market, improving from N1,387 the previous day. This slight rise indicates a positive trend for the currency in the informal exchange market.
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The recent appreciation of the Naira in the parallel market reflects ongoing fluctuations in Nigeria's currency exchange rates, which can impact various sectors of the economy. Monitoring these changes is crucial for understanding broader economic trends.