11 Sep, 2025
3 mins read

FX Market Update: Naira Gains to N1,560/$ on Parallel Market

The Nigerian naira continued its steady recovery on Tuesday, appreciating to ₦1,560 per US dollar in the parallel (black) market, up from ₦1,565/$ recorded the previous day. The modest gain highlights ongoing efforts by the Central Bank of Nigeria (CBN) to stabilise the foreign exchange (forex) market amid economic reforms and tightening of currency flows. […]