News
Naira depreciates to N1,362/$ in parallel market
Summary by The Lagos Editorial Desk olufemiajasa , as published by Vanguard
· October 7, 2026
· 1 min read
Photo: Vanguard · view original
Story provenance No corrections
Summary created by The Lagos Editorial Desk — automated, rule-governed Byline on source page olufemiajasa, as published by Vanguard Original story Read at the source Source published Oct 7, 2026 Indexed here Oct 7, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
Every story comes with a passport. How we work · Corrections log
Key points The Central Bank of Nigeria's data shows a slight appreciation of N1. The Naira has experienced a depreciation in the parallel market, falling to N1,362 per dollar.
The Naira has experienced a depreciation in the parallel market, falling to N1,362 per dollar. This is a decrease from its previous value of N1,357 per dollar.
In contrast, the Naira appreciated in the Nigerian Foreign Exchange Market, with an exchange rate of N1,331.5 per dollar. The Central Bank of Nigeria's data shows a slight appreciation of N1.4 from the previous day's rate.
The interbank turnover in the Nigerian Foreign Exchange Market saw a significant increase, rising by 338 percent to $313.6 million. Further details on these market developments are available from the source.
More News Today’s briefing Local events
Why this story is here
Vanguard reported and published this story. The Lagos selected it, summarised the key facts above, and links to the original. We did not report this story and we added no reporting of our own to it.
About this story
As published by Vanguard . The Lagos selects stories from publishers’ feeds, summarises them, and links back to the publisher that reported them. We add no reporting of our own. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit Vanguard . Have a tip or correction? Contact the editor .
Category: News Published: October 7, 2026 Source: Vanguard Reading time: 1 min
Frequently asked about this story
What is this story about? The Naira has experienced a depreciation in the parallel market, falling to N1,362 per dollar. This is a decrease from its previous value of N1,357 per dollar. In contrast, the Naira appreciated in…
When was this published? This article was first published on October 7, 2026 by Vanguard and curated for The Lagos readers.
Who reported this story? This story was reported by olufemiajasa at Vanguard. To learn more about how The Lagos selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more News coverage from The Lagos, or browse our daily briefing and topic hubs .
← Back to all news
More News →
Today’s briefing
Subscribe to newsletter
