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Naira now N1,395/$ in parallel market - VANGUARD

JUNE 30, 2026

By Elizabeth Adegbesan

THE Naira yesterday depreciated to N1,395 per dollar in the parallel market from N1,386 per dollar last Friday.


Similarly, the naira depreciated to N1,385 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 market rose to N1,385 per dollar from N1,384 per dollar last weekend,  indicating N1 depreciation for the naira.

 Consequently, the margin between the parallel and official markets widened to N9 per dollar from N2 per dollar last week Friday.

The interbank turnover at NFEM rose by 80.3 per cent to N223.9 million yesterday from N124.2 million last weekend.

MARKET NEWS

June 30 Nigeria remains Africa’s top-performing stock market despite N9.8trn sell-off - BUSINESSDAY June 30 Dangote Refinery, lower inflation to lift Nigeria’s new vehicle sales by 7.6% in 2026... (read more) June 30 Rising reserves not enough to shield Nigeria from UAE loan risks –Report - THE SUN June 30 Naira slumps, trades at N1,383/$ at official FX market - NIGERIAN TRIBUNE June 30 Naira now N1,395/$ in parallel market - VANGUARD June 29 Naira cools further despite higher FX interbank liquidity, rising reserves - BUSINESSDAY June 29 Nigerian currency extends depreciation to begin week - DAILY POST June 29 Nigeria remains Africa’s top-performing stock market despite N9.8trn sell-off - BUSINESSDAY June 29 Exports to US fall by N366bn as imports surge - PUNCH June 29 Shettima, Oyedele defend reforms, say economy now on stronger footing - PUNCH June 29 ECB’s Schnabel says inflation risks remain despite easing energy prices - INVESTING.COM June 29 Europe's central bank head defends its recent rate hike to fight inflation June 29 Yen Falls to Lowest Levels Since 1986 - BARRON'S June 29 Japanese Yen falls to 40-year low against dollar - INVESTING.COM June 29 Is the U.S. dollar debasement trade dead? - INVESTING.COM June 29 PenCom unveils FX, child registration roadmaps for 2026 - PUNCH June 29 IMF says naira 25% undervalued, advises CBN to slow down FX reserves build-up - THE CABLE June 29 Exchange rates may vary slightly across banks - CHANNELS TV June 29 Official FX Market Sees Naira Dip to N1,380.93/$1 - BUSINESS POST June 29 Exports to US fall by N366bn as imports surge - PUNCH June 29 WhatsApp to let people chat without swapping phone numbers - BBC June 29 Refugees will be told to repay around £10,000 under new asylum rules - BBC June 29 Nigeria’s CIT Revenue Drops 31% In Q1 As Stronger Naira, Lower Corporate Remittances ... (read more) June 29 ICYMI: Naira falls against dollars at official FX market - NIGERIAN TRIBUNE June 29 Banks urged to adopt QR code payment channels - PUNCH June 29 Forex Turnover Rises 15.8% To $2.8bn Despite Naira Depreciation - LEADERSHIP June 28 Naira trades at N1380/$ at official FX market - NIGERIAN TRIBUNE June 28 Nigerian currency depreciates to end week negative - June 28 Naira remains stable as FX inflows hit one-year high - BUSINESSDAY June 28 CBN raises concern over Naira abuse - THE NATION

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