Naira depreciates to N1,387/$ in parallel market

Vanguardngr | 22-05-2026 06:05pm |

The Naira experienced a decline in value, trading at N1,387 per dollar in the parallel market, a decrease from the previous rate of N1,380 per dollar recorded on Wednesday. This depreciation reflects ongoing fluctuations in the currency's exchange rate within the informal market. The movement in the Naira's value continues to be closely monitored by financial analysts and market participants.

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