Naira appreciates to N1,376/$ in parallel market

The Nigerian naira’s parallel‑market rate has risen to about ₦1,376 per US $1, meaning one dollar can be exchanged for roughly 1,376 naira on the informal market. This rate is higher (i.e., the naira is weaker) than the official Central Bank rate, reflecting supply‑demand pressures and foreign‑exchange scarcity. Views Nigeria