July 31, 2025
Naira Climbs to ₦1,600 per Dollar in Parallel Market

The naira strengthened to ₦1,600 per US dollar in Nigeria’s parallel (black) market yesterday, up from ₦1,605 at the close of last week. Currency traders attributed the improvement to slightly higher dollar inflows from remittances and exporters taking advantage of improved liquidity.  Despite persistent demand pressures…
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