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Emerging Markets

Nigeria Naira Dollar Parallel Market Hits 1,407 per US$

The Rio Times · 1h ago · 🇧🇷 Brazil

Nigeria Naira Dollar Parallel Market Hits 1,407 per US$

Currency · Nigeria Key Facts —The move. Nigeria’s naira weakened to about 1,407 per US dollar on the parallel (black) market. —From. That was down from roughly 1,400 per dollar the previous Friday. —The context. The parallel market is where many Nigerians buy dollars outside official channels. —The range. Through July, parallel-market quotes hovered broadly […] The post Nigeria Naira Dollar Parallel Market Hits 1,407 per US$ appeared first on The Rio Times .

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