June 18, 2026
By Elizabeth Adegbesan
The Naira yesterday depreciated to N1,405 per dollar in the parallel market from N1,389 per dollar on Tuesday.
Similarly, the naira depreciated to N1,361.5 per dollar in the Nigerian Foreign Exchange Market, NFEM.
Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the market rose to N1,361.5 per dollar from N1,356.5 per dollar on Tuesday, indicating N5 depreciation for the naira.






