Breaking
Court urges settlement in N98.5bn patent suit against CBN, NIBSS Alleged Coup: SSS arraigns five for alleged concealment of Timipre Sylva’s whereabouts World Cup: Belgium stage dramatic comeback to eliminate Senegal after extra time NNPC profit falls to ₦462 billion despite higher oil production in May NCDMB rewards engineering excellence, as Modibbo University wins N50m at Engineering Olympiad NYSC: Deployment to states’ll be guided by risk assessment — TINUBU Court urges settlement in N98.5bn patent suit against CBN, NIBSS Alleged Coup: SSS arraigns five for alleged concealment of Timipre Sylva’s whereabouts World Cup: Belgium stage dramatic comeback to eliminate Senegal after extra time NNPC profit falls to ₦462 billion despite higher oil production in May NCDMB rewards engineering excellence, as Modibbo University wins N50m at Engineering Olympiad NYSC: Deployment to states’ll be guided by risk assessment — TINUBU
Naira appreciates to N1,385/$ in parallel market Business

Naira appreciates to N1,385/$ in parallel market

Published: Jul 2, 2026 | ⏱ 1 min read | 👁 13 views | Author: olufemiajasa

By Elizabeth Adegbesan

The Naira yesterday appreciated to N1,385 per dollar in the parallel market from N1,390 per dollar on Tuesday.

Similarly, the naira appreciated to N1,369 per dollar in the Nigerian Foreign Exchange Market,  NFEM .

Related News

Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the market fell to N1,369 per dollar from N1,376 per dollar on Tuesday, indicating N7 appreciation for the naira. 

Consequently, the margin between the parallel and official markets widened to N16 per dollar from N14 per dollar on Tuesday.

The interbank turnover at NFEM fell by 66.5 percent to N90.3 million yesterday from N269.9 million the previous day.

Related Articles