Naira Gains Strength in Parallel Market, Closes Week at ₦1,520/$1 – Above Official Market Rate
Lagos, July 25, 2025 Nigeria’s naira recorded a surprising rebound in the parallel market, closing the week at ₦1,520 per dollar, gaining strength over the Central Bank of Nigeria’s official exchange rate, which stood at ₦1,537 per dollar. This development marks a rare moment where the black market rate outperformed the official rate, reflecting shifting
