English>

Market News

Naira appreciates to N1,488/$ in parallel market - VANGUARD

JANUARY 22, 2026

By Elizabeth Adegbesan

The Naira yesterday appreciated to N1,488 per dollar in the parallel market from N1,490 per dollar on Tuesday.

But the naira depreciated to N1,423 per dollar in the Nigerian Foreign Exchange Market, NFEM.

Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,423 per dollar from N1,420 per dollar on Tuesday, reflecting a N3 depreciation for the naira.

Consequently, the margin between the parallel and official markets narrowed to N65 per dollar from N70 per dollar on Tuesday.

SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics