November 15, 2026 Independent · Authoritative · Nigerian
Fridayposts

Independent insight on Politics, Governance, Leadership, Economy and Development for Nigerians everywhere.

Get The Friday Brief
Latest
Trending
Ogun Police Rescue 10 Kidnapped Travellers: What the Operation Reveals About Highway Security Christmas Airfares Rise by Over 200% on Some Nigerian Routes: Why December Travel Is Becoming More Expensive Lagos Identifies 360 Distressed Buildings: How Can Residents Know Whether Their Homes Are Safe? Nigeria Opens Diaspora Investment Summit Today: Can It Turn Overseas Capital Into Credible Local Investments? INEC Deletes 1.6 Million Invalid Voter Records, Identifies 54 Officials: Can Nigeria Trust Its 2027 Electoral Register? Gunmen Kill 11 Members of a Zamfara Family and Abduct 13: Can Rural Communities Be Protected?
Home / Business
Business

Nigerian Naira Sells at N360.5 to Dollar at Parallel Market

By FridayPosts Desk··1 min read·166 views
Nigerian Naira Sells at N360.5 to Dollar at Parallel Market
FridayPosts editorial image · Nigerian Naira Sells at N360.5 to Dollar at Parallel Market
Barely eight hours after the Central Bank of Nigeria (CBN) reviewed the exchange rate of the Naira against the Dollar at the parallel market, it lost N50 kobo. The Nigerian currency was sold at N360.5 to the dollar at the parallel market in Lagos on Tuesday, the News Agency of Nigeria (NAN) reports. While the Naira was exchanged at N360.5, the Pound Sterling and the Euro closed at N490 and N425, respectively. At the Bureau De Change Window (BDC), the Naira was sold at N360 to the dollar while the Pound Sterling and the Euro closed at N490 and N425, respectively. The naira exchanged at N360.78 to the dollar at the investors’ window, while it closed at N306 at the CBN window. Currency traders expressed shock as the exchange rate flattened to N360 to the dollar on Monday. Many BDCs had boycotted the CBN window when they were selling at a loss for many months prior to the rate review on Monday.
Was this worth your time?
#Dollar#Nigerian Economy#Nigerian Naira#Nigerian Naira Sells at N360.5 to Dollar at Parallel Market#Parallel Market
About the author

FridayPosts Desk

FridayPosts publishes independent reporting, expert interpretation and practical ideas for decision-makers in Nigeria, Africa and beyond.

Reader conversation

0 approved comments

Your email address is used for moderation and is not displayed publicly. Comments are reviewed before publication.

No approved comments yet. Add the first thoughtful response.

More on this story

More Business →

Latest from FridayPosts

See latest →

What readers are choosing

Current momentum

Make FridayPosts part of your information advantage.

Get independent reporting, expert interpretation and practical ideas for Nigeria and Nigerians everywhere.

Get The Friday Brief