Nigeria Naira Dollar Parallel Market Hits 1,407 per US$
Western Africa Africa Nigeria Naira Dollar Parallel Market Hits 1,407 per US$ By Samuel Ncube · July 28, 2026 · 3 min read Africa Intelligence A daily Africa read from a Latin American newsroom. 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.
- ▪Western Africa Africa Nigeria Naira Dollar Parallel Market Hits 1,407 per US$ By Samuel Ncube · July 28, 2026 · 3 min read Africa Intelligence A daily Africa read from a Latin American newsroom.
- ▪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.
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| Original publisher | The Rio Times |
| Canonical URL | https://www.riotimesonline.com/nigeria-naira-1407-per-dollar-parallel-market/ |
| Publication time | Tue, 28 Jul 2026 06:08:55 +0000 |
| Retrieval time | 2026-07-28T06:19:28.287Z |
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Opening excerpt (first ~120 words) tap to expand
Western Africa Africa Nigeria Naira Dollar Parallel Market Hits 1,407 per US$ By Samuel Ncube · July 28, 2026 · 3 min read Africa Intelligence A daily Africa read from a Latin American newsroom. Free. Subscribe By subscribing you agree to our privacy policy. We never share your email. 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 between 1,400 and 1,420 per dollar. —The backdrop. Traders were watching the US Federal Reserve’s upcoming interest-rate decision for direction.
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