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Naira appreciates to N1,408/$ in parallel market- VANGUARD

AUGUST 04, 2026

By Elizabeth Adegbesan

The  Naira yesterday appreciated to N1,408 per dollar in the parallel market from N1,415 per dollar last weekend.yu

Likewise, the naira appreciated to N1,365 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 fell to N1,365 per dollar from N1,368 per dollar last weekend,  indicating N3 appreciation for the naira.

Consequently, the margin between the parallel and official markets narrowed to N43 per dollar from N47 per dollar on last week Friday.

The interbank turnover at NFEM rose sharply by  132.3 percent to N137.05 million yesterday from N58.99 million last weekend.

MARKET NEWS

August 04 Naira flat as interbank activity boosts daily FX liquidity - BUSINESSDAY August 04 Subsidy removal, naira floatation made life harder for Nigerians — Makinde - PUNCH August 04 CBN Spent N464Billion Printing, Distributing, Destroying Naira Notes In 2025 - SAHARA REPORTERS August 04 Nigerian naira records appreciation to begin week - DAILY POST August 04 Naira appreciates to N1,408/$ in parallel market- VANGUARD August 04 Naira faces fresh pressure as dollar demand rises - THE SUN August 04 Currency In Circulation Hits N5.73trn As CBN Prints 3.43bn Notes - NEW TELEGRAPH August 01 Naira records slight gain in July on sustained dollar liquidity - BUSINESSDAY August 01 Nigerian naira records fifth straight depreciation - DAILY POST August 01 Naira depreciates to N1,415/$ in parallel market - VANGUARD August 01 Naira ends July weaker, closes at N1,368.22/$ - PUNCH August 01 Naira flat as reserves cool by $120m in five days - BUSINESSDAY August 01 CBN reforms strengthening naira, stabilising markets — United Capital - PUNCH July 31 Nigeria says subsidy savings absorbed by debt costs, higher spending - REUTERS July 31 CBN cuts one-year T-bill yield after N3.62tn bids - PUNCH July 31 Imported petrol now costs more than Dangote fuel – Report - PUNCH July 31 Foreign Investors Shun Nigeria’s World-Beating Equities - BLOOMBERG July 31 Nigeria says subsidy savings absorbed by debt costs, higher spending - REUTERS July 31 NNPC to acquire Seplat’s 10% JV for $281.6m - PUNCH July 31 Yen surges, analysts suspect official Japanese intervention - REUTERS July 31 Oyedele explains how Nigeria spent FX, subsidy removal savings - THE GUARDIAN July 31 CBN cuts one-year T-bill yield after N3.62tn bids - PUNCH July 31 Instant View: Yen soars, markets suspect Japan intervention - REUTERS July 31 Naira Depreciates to N1,366/$1 at Official FX Market - BUSINESS POST July 31 Sharp Spike in Japanese Yen Stokes Currency Intervention Worries - BARRON'S July 31 AFRICA-FX-Zambian and Ghanaian currencies seen under pressure - REUTERS July 31 Nigerian Naira extends depreciation against US dollar - DAILY POST July 31 CBN reforms strengthening naira, stabilising markets - United Capital - PUNCH July 30 NGX loses N648bn as renewed profit-taking hits equities - PUNCH July 30 Non-oil exports drive autonomous FX inflows to $71bn - PUNCH

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