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Naira Holds at ₦1,421/$ Officially, ₦1,450 on Parallel Market as FX Pressures Persist

Nigeria’s Naira continues to trade under pressure, with official and parallel market rates showing wide gaps across major currencies. As of today, the Central Bank of Nigeria (CBN) rate for the U.S. dollar stands at ₦1,421.73, while black market traders sell at around ₦1,450. The disparity reflects ongoing foreign exchange shortages and rising demand for hard currency.