Suggestions




·

Dollar Trades At N1,426/$, Pound Sells At N1,926/£ In Black Market

March 12, 2026
by
Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

The foreign exchange (FX) rate for the United States dollar (USD) dropped by N5.13 kobo to N1,426 per $1 in the black market, according to Naira Rates, the parallel market price aggregator, on Wednesday, March 11.

According to the price aggregator, the FX rate decreased from N1,431.13 kobo per dollar reported on Tuesday, March 10, indicating the naira appreciated by 0.35 percent in the parallel market.

Join our WhatsApp Channel

In the Nigerian foreign exchange market (NFEM), the official FX rate for the dollar was N1,376.19 kobo per USD, below the previous day’s N1,401.40 kobo per $1.

This represents a N25.21 kobo decline in the FX rate and 1.79 percent appreciation in the value of the naira in the NFEM, also known as the official window.

According to the NFEM data provided by the Central Bank of Nigeria (CBN), the highest rate for the day was N1,388 per dollar, while the lowest rate was N1,373 per USD, the same rate the American greenback closed at.

For the pound, the naira continues to stand its ground against the British currency in the black market, as both currencies exchanged at N1,926.14 kobo per £1, the same rate reported the day before.

However, in the NFEM, the value of the naira depreciated against the pound by 2.13 percent as the British currency traded down at N1,844.80 kobo per £1.

This indicates official market traders increased the price of the pound by N40.25 kobo from the N1,885.05 per £1 reported the day before.

Also, the euro traded flat at N1,647.7 kobo per €1 in the black market.

For press releases, tip-offs, and corporate information, call 08149575257 (hotline), email: editor@primebusiness.africa and publisher@primebusiness.africa

+ posts

Prime Business Africa

Leave a Reply

Your email address will not be published.

Related Posts

Previous Story

Aliko Dangote’s Company Generates N152bn Revenue From Selling Salt

Next Story

Thai-Flagged Bulk Carrier Hit Near Strait of Hormuz, 3 Crew Missing

Featured Stories

Related Posts

Latest from Business

Over N107bn Wiped Off NGX As UACN, Presco Shares Plunge

Over N107bn Wiped Off NGX As UACN, Presco Shares Plunge

The value of the Nigerian Exchange (NGX), also known as the stock market, dropped to N125.75 trillion on Wednesday, March 11, below the N125.85 trillion reported on Tuesday, March 10. The N107.58 billion decrease was driven by a 0.08 percent decline in

Aliko Dangote’s Company Generates N152bn Revenue From Selling Salt

Nascon Allied Industries Plc (NASCON), a salt-producing company majorly owned by Aliko Dangote, generated N152.68 billion in revenue between January and December 2025, surpassing the N120.38 billion earned in 2024. The turnover grew by 27 percent, above the 21 percent year-on-year increase
Previous Story

Aliko Dangote’s Company Generates N152bn Revenue From Selling Salt

Next Story

Thai-Flagged Bulk Carrier Hit Near Strait of Hormuz, 3 Crew Missing

Don't Miss

Buhari and ministers retreat

Buhari To Borrow Another $4bn, €710m Loan, Seeks NASS Approval

PRESIDENT Muhammadu Buhari has sent a letter to National Assembly
NISS event at Minna, Niger state

NISS, OCP Empower Over 70 Local Farmers In Northern Nigeria

Nigeria Institute of Soil Science (NISS) in partnership with OCP