{"id":19780,"date":"2026-07-14T01:10:06","date_gmt":"2026-07-14T01:10:06","guid":{"rendered":"https:\/\/edumarkng.com\/news\/naira-depreciates-to-n1420-in-parallel-market\/"},"modified":"2026-07-14T01:10:06","modified_gmt":"2026-07-14T01:10:06","slug":"naira-depreciates-to-n1420-in-parallel-market","status":"publish","type":"post","link":"https:\/\/edumarkng.com\/news\/naira-depreciates-to-n1420-in-parallel-market\/","title":{"rendered":"Naira depreciates to N1,420\/$ in parallel market"},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\"https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2025\/03\/Naira-1.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Naira depreciates to N1,420\/$ in parallel market\" title=\"Naira depreciates to N1,420\/$ in parallel market\" \/><\/div><p>Naira depreciates to N1,420\/$ in parallel market, <\/p>\n<p>By Elizabeth Adegbesan<\/p>\n<p>The Naira yesterday depreciated to N1,420 per dollar in the parallel market from N1,406 per dollar last weekend.<\/p>\n<p>But the naira appreciated to N1,380.5 per dollar in the Nigerian Foreign Exchange Market,\u00a0 NFEM .<\/p>\n<p>Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to N1380.5 per dollar from N1381.7 per dollar last weekend, indicating N1.2 appreciation for the naira.<\/p>\n<p>Consequently, the margin between the parallel and official markets widened to N39.5 per dollar from N24.3 per dollar last weekend.<\/p>\n<p>The interbank turnover at NFEM fell\u00a0 by 21.2 percent to N86.13 million yesterday from N71.04 million last weekend.<\/p>\n<p>The post <a href=\"https:\/\/www.vanguardngr.com\/2026\/07\/naira-depreciates-to-n1420-in-parallel-market-3\/\">Naira depreciates to N1,420\/$ in parallel market<\/a> appeared first on <a href=\"https:\/\/www.vanguardngr.com\/\">Vanguard News<\/a>.<\/p>\n<p>, <\/p>\n<p>The Naira yesterday depreciated to N1,420 per dollar in the parallel market from N1,406 per dollar last weekend.<\/p>\n<p>The post <a href=\"https:\/\/www.vanguardngr.com\/2026\/07\/naira-depreciates-to-n1420-in-parallel-market-3\/\">Naira depreciates to N1,420\/$ in parallel market<\/a> appeared first on <a href=\"https:\/\/www.vanguardngr.com\/\">Vanguard News<\/a>.<\/p>\n<p>, <!-- no image -->, olufemiajasa, {authorlink},, , Vanguard News, July 14, 2026, 1:10 am<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Naira depreciates to N1,420\/$ in parallel market, By Elizabeth Adegbesan The Naira yesterday depreciated to N1,420 per dollar in the parallel market from N1,406 per dollar last weekend. But the naira appreciated to N1,380.5 per dollar in the Nigerian Foreign Exchange Market,\u00a0 NFEM . Data from the Central Bank of Nigeria, CBN, showed that the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19781,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"fifu_image_url":"https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2025\/03\/Naira-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[1931,8],"tags":[],"class_list":["post-19780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-news-news","category-news"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Naira depreciates to N1,420\/$ in parallel market - EduNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/edumarkng.com\/news\/naira-depreciates-to-n1420-in-parallel-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira depreciates to N1,420\/$ in parallel market - EduNews\" \/>\n<meta property=\"og:description\" content=\"Naira depreciates to N1,420\/$ in parallel market, By Elizabeth Adegbesan The Naira yesterday depreciated to N1,420 per dollar in the parallel market from N1,406 per dollar last weekend. But the naira appreciated to N1,380.5 per dollar in the Nigerian Foreign Exchange Market,\u00a0 NFEM . Data from the Central Bank of Nigeria, CBN, showed that the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/edumarkng.com\/news\/naira-depreciates-to-n1420-in-parallel-market\/\" \/>\n<meta property=\"og:site_name\" content=\"EduNews\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/edumarkconsult\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-14T01:10:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2025\/03\/Naira-1.jpg\" \/>\n<meta name=\"author\" content=\"eduadmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2025\/03\/Naira-1.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@EdumarkNG\" \/>\n<meta name=\"twitter:site\" content=\"@EdumarkNG\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"eduadmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/edumarkng.com\\\/news\\\/naira-depreciates-to-n1420-in-parallel-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/edumarkng.com\\\/news\\\/naira-depreciates-to-n1420-in-parallel-market\\\/\"},\"author\":{\"name\":\"eduadmin\",\"@id\":\"https:\\\/\\\/edumarkng.com\\\/news\\\/#\\\/schema\\\/person\\\/a5b374d36d8a925f42febcfabddf8339\"},\"headline\":\"Naira depreciates to N1,420\\\/$ in parallel market\",\"datePublished\":\"2026-07-14T01:10:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/edumarkng.com\\\/news\\\/naira-depreciates-to-n1420-in-parallel-market\\\/\"},\"wordCount\":173,\"publisher\":{\"@id\":\"https:\\\/\\\/edumarkng.com\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/edumarkng.com\\\/news\\\/naira-depreciates-to-n1420-in-parallel-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cdn.vanguardngr.com\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/Naira-1.jpg\",\"articleSection\":[\"More News\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/edumarkng.com\\\/news\\\/naira-depreciates-to-n1420-in-parallel-market\\\/\",\"url\":\"https:\\\/\\\/edumarkng.com\\\/news\\\/naira-depreciates-to-n1420-in-parallel-market\\\/\",\"name\":\"Naira depreciates to N1,420\\\/$ in parallel market - EduNews\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/edumarkng.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/edumarkng.com\\\/news\\\/naira-depreciates-to-n1420-in-parallel-market\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/edumarkng.com\\\/news\\\/naira-depreciates-to-n1420-in-parallel-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cdn.vanguardngr.com\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/Naira-1.jpg\",\"datePublished\":\"2026-07-14T01:10:06+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/edumarkng.com\\\/news\\\/naira-depreciates-to-n1420-in-parallel-market\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/edumarkng.com\\\/news\\\/naira-depreciates-to-n1420-in-parallel-market\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/edumarkng.com\\\/news\\\/naira-depreciates-to-n1420-in-parallel-market\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cdn.vanguardngr.com\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/Naira-1.jpg\",\"contentUrl\":\"https:\\\/\\\/cdn.vanguardngr.com\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/Naira-1.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/edumarkng.com\\\/news\\\/naira-depreciates-to-n1420-in-parallel-market\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/edumarkng.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Naira depreciates to N1,420\\\/$ in parallel market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/edumarkng.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/edumarkng.com\\\/news\\\/\",\"name\":\"EduNews\",\"description\":\"No1 Education &amp; 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