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![Today's Naira Rate [14-01-2025]: Naira Struggles as Parallel Market Rate Reaches N1,660/$](/data/attachments/212/212410-d987146b6be27bd1ec22456cd9d9d9e8.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [14-01-2025]: Naira Struggles as Parallel Market Rate Reaches N1,660/$
The Nigerian Naira depreciated in the parallel market, trading at N1,660/$, while strengthening slightly in the official market to N1,549/$. This widening gap between the two rates highlights ongoing volatility in Nigeria's foreign exchange market, affecting businesses and individuals relying on...- Nigeria News
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- 1 min read
- naira depreciation naira exchange rate nigeria forex official market rate parallel market
- Category: Business
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![Today's Naira Rate[13-09-2024]: Naira Drops to N1,665 on Black Market as Dollar Demand Surges](/data/attachments/208/208258-602dbae0e3e86b372bbaa21eb89a7be5.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[13-09-2024]: Naira Drops to N1,665 on Black Market as Dollar Demand Surges
The Nigerian naira fell to N1,665 per dollar on the black market, driven by high demand for travel allowances and school fees. Meanwhile, the naira also dropped 5.5% in the official market. Despite the depreciation, Nigeria’s external reserves grew by $490 million due to recent dollar bond...- Nigeria News
- Article
- 2 min read
- black market exchange rate naira depreciation naira to dollar nigeria forex parallel market rate
- Category: Business
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