Skip to content
Friday 6 November 2026
  • Home
  • Advertise with us
  • Contact
The Frontier
Click to read
The Frontier
  • News
  • Crime
  • Politics
  • Headlines
  • Education
  • Health
  • Business & Economy
  • Sports
  • More
    • International
    • Religion
    • Entertainment
    • Info Tech
    • Matilda Showbiz
      • Gists
      • Music
      • Gossips
      • Oga MAT
      • Romance
    • Arts & Culture
    • Environment
    • Opinion
    • Features
    • Epistles of Anthony Kila
    • EyeCare with Dr Priscilia Imade
The Frontier
  • News
  • Crime
  • Politics
  • Religion
  • Headlines
  • Education
  • International
  • Business & Economy
  • Entertainment
  • Sports
  • Arts & Culture
  • Environment
  • Health
  • Matilda Showbiz
    • Gists
    • Music
    • Gossips
    • Oga MAT
    • Romance
  • Opinion
  • Epistles of Anthony Kila
  • EyeCare with Dr Priscilia Imade
  • Info Tech
  • Interview
The Frontier
Click to read
Business & Economy
Business & Economy

Naira falls in parallel market

The FrontierThe FrontierMay 12, 2026 1320 Minutes read0

•Dollar and Naira notes

The Naira yesterday depreciated to N1,387 per dollar in the parallel market from N1,383 per dollar last week Thursday.

But the naira appreciated to N1,367.5per dollar in the Nigerian Foreign Exchange Market, NFEM, reports Vanguard.

SDP Poster Layout

Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to N1,367.5 per dollar from N1,374 per dollar last week Thursday, reflecting N6.5 appreciation for the naira.

Consequently, the margin between the parallel and official markets widened to N19.5 per dollar from N9 per dollar last week Thursday.

The turnover in the interbank foreign exchange market increased by 3.2 percent to $59.93 million from $58.03 million last week Thursday.

 

Tags
Nairaparallel market
FacebookTwitterWhatsAppLinkedInEmailLink
Previous post FG, World Bank in talks over second-largest loan of $1.25 billion months before presidential election
next post Crude oil hits $105 but markets shrug off US-Iran deadlock
Related posts
  • Related posts
  • More from author
Business & Economy

Two months to elections, Tinubu seeks Senate approval for fresh N10.79 trillion external loan

November 4, 20260
Business & Economy

Enugu records lowest tax revenue-to-IGR ratio — Report

November 4, 20260
Business & Economy

FG’s N50,000 monthly relief: OPay explains eligibility, warns against scams

November 3, 20260
Load more
Read also
Inside Akwa Ibom Today

ARISE Projects Impact

February 9, 20250
Sports

BREAKING: Cristiano Ronaldo retires from international football

November 5, 20260
Crime

Man stabs neighbour to death over roasted meat

November 5, 20260
Headlines

Amidst heatwave, epileptic electricity supply bites harder across Nigeria

November 5, 20260
Politics

BREAKING: Court nullifies Atiku’s ADC candidacy, sacks party chairman David Mark

November 5, 20260
Crime

Three missing children of same family rescued in Ogun

November 5, 20260
Crime

House of Reps transmits State Police Bill to Tinubu for assent

November 5, 20260
Load more

ARISE Projects Impact

February 9, 2025

BREAKING: Cristiano Ronaldo retires from international football

November 5, 2026

Man stabs neighbour to death over roasted meat

November 5, 2026

Amidst heatwave, epileptic electricity supply bites harder across Nigeria

November 5, 2026

BREAKING: Court nullifies Atiku’s ADC candidacy, sacks party chairman David Mark

November 5, 2026

Three missing children of same family rescued in Ogun

November 5, 2026

ARISE Projects Impact

0 Comments

BREAKING: Cristiano Ronaldo retires from international football

0 Comments

5 burnt to death scooping fuel from fallen tanker

0 Comments

Naira slumps further as dollar scarcity bites harder

0 Comments

BREAKING: Appeal Court sacks Senate Minority Leader, orders election rerun

0 Comments

Follow us

FacebookLike our page
InstagramFollow us
YoutubeSubscribe to our channel
WhatsappContact us
Latest news
1

ARISE Projects Impact

February 9, 2025
2

Senate passes 2 tax reform bills

May 7, 2025
3

Champions League: Haaland double powers Man City to victory over Porto

September 9, 2026
4

SEC rejects PZ Cussons Nigeria’s buy-out, delisting plans

March 20, 2024
5

Appeal Court upholds Orji Kalu’s election

November 6, 2023
6

Xenophhobia: 342 Ghanaian evacuees arrive from South Africa

June 8, 2026
Popular
1

ARISE Projects Impact

February 9, 2025
2

Refineries spend N5.7 trillion on foreign oil despite FG’s much publicised naira-for-crude policy

March 18, 2026
3

SEC rejects PZ Cussons Nigeria’s buy-out, delisting plans

March 20, 2024
4

2027 elections: Only legislative intervention can tackle concerns raised by Muslims over Ramadan – INEC

February 14, 2026
5

PDP crisis: Any member who disobeys BoT will be thrown out — Party chieftain, Bode George

February 10, 2025
6

Family demands probe into alleged missing kidney of housewife •Govt hospital fingered

July 4, 2026

About The Frontier

The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.

Most viewed

ARISE Projects Impact

February 9, 2025

5 breakout sporting stars in 2023

December 27, 2023

2027: Concerns over INEC’s silence on APC’s premature campaign activities, By Abba Dukawa

July 2, 2025

Strike: We don’t want another shut down of varsities – Nigerian students, parents beg FG, unions

June 23, 2024

JUST IN: Rivers Gov Fubara appoints Edison Ehie as chief of staff, 5 others as advisers

January 29, 2024
Top posts

Categories

  • News5217
  • Politics4983
  • Crime4702
  • International3293
  • Sports2645
  • Business & Economy2406
  • Headlines2307
  • Education1464
  • Matilda Showbiz1062
  • Health984
  • Entertainment903
  • Africa627
  • Religion509
  • Environment412
  • Special279
  • Info Tech271
  • Arts & Culture246
  • Inside Akwa Ibom Today245
  • Hunger protests in Nigeria224
  • Interview202
  • Opinion161
  • EyeCare with Dr Priscilia Imade140
  • World Cup 202695
  • Advert36
  • Trends25
  • Epistles of Anthony Kila19
  • Local News5
  • The Surge4

© 2026 The Frontier, Published by Okims Media Links Limited.

designed by winnet services

  • Home
  • Advertise with us
  • Contact