{"id":195680,"date":"2026-02-21T14:37:25","date_gmt":"2026-02-21T13:37:25","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-appreciates-significantly-against-dollar-black-market"},"modified":"2026-02-21T15:42:55","modified_gmt":"2026-02-21T14:42:55","slug":"naira-appreciates-significantly-against-dollar-black-market","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market","title":{"rendered":"Naira Appreciates Significantly Against Dollar Black Market"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Nigerian currency, the naira, recorded a sharp appreciation against the United States dollar at the parallel market on Thursday, strengthening significantly compared to the previous day\u2019s rate.<\/p>\n<p>A Bureau De Change operator, Abubakar Hassan, said on Friday that the naira rose to N1,317 per dollar on Thursday from N1,350 exchanged on Wednesday.<\/p>\n<p>The movement represents an N33 gain for the local currency on a day-to-day basis at the black market.<\/p>\n<p>According to Hassan, the naira\u2019s rally marks its strongest performance at the parallel market in several months, attributing the development to reduced demand for foreign exchange and recent interventions by the Central Bank of Nigeria (CBN).<\/p>\n<p>\u201cThe naira strengthened to its highest level in the black market in months. I believe this is due to low patronage and recent CBN intervention,\u201d he said.<\/p>\n<p>However, the trend was different at the official foreign exchange window, where the naira weakened for the second consecutive session. It depreciated by N3.25 on Thursday to close at N1,341.35 per dollar, down from N1,338.12 recorded on Wednesday. Over two days, the currency has shed N5.38 at the official market.<\/p>\n<p>Meanwhile, Nigeria\u2019s external reserves stood at $48.50 billion as of February 17, 2026, according to data from the apex bank.<\/p>\n<p>The latest development follows Wednesday\u2019s trading session, which saw the naira post mixed performances across both the official and parallel foreign exchange markets.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Nigeria<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Nigerian currency, the naira, recorded a sharp appreciation against the United States dollar at the parallel market on Thursday, strengthening significantly compared to the previous day\u2019s rate. A Bureau De Change operator, Abubakar Hassan, said on Friday that the naira rose to N1,317 per dollar on Thursday from N1,350 exchanged on [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":195679,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[254],"class_list":["post-195680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Naira Appreciates Significantly Against Dollar Black Market - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigerian currency, the naira, recorded a sharp appreciation against the United States dollar at the parallel market ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira Appreciates Significantly Against Dollar Black Market\" \/>\n<meta property=\"og:description\" content=\"The Nigerian currency, the naira, recorded a sharp appreciation against the United States dollar at the parallel market ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-21T13:37:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-21T14:42:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/02\/sm_1771684945.817281.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Naira Appreciates Significantly Against Dollar Black Market\",\"datePublished\":\"2026-02-21T13:37:25+00:00\",\"dateModified\":\"2026-02-21T14:42:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market\"},\"wordCount\":247,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/02\/sm_1771684945.817281.jpg\",\"keywords\":[\"Nigeria\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market\",\"name\":\"Naira Appreciates Significantly Against Dollar Black Market - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/02\/sm_1771684945.817281.jpg\",\"datePublished\":\"2026-02-21T13:37:25+00:00\",\"dateModified\":\"2026-02-21T14:42:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The Nigerian currency, the naira, recorded a sharp appreciation against the United States dollar at the parallel market ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/02\/sm_1771684945.817281.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/02\/sm_1771684945.817281.jpg\",\"width\":1024,\"height\":576,\"caption\":\"Naira Appreciates Significantly Against Dollar Black Market\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Naira Appreciates Significantly Against Dollar Black Market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Naira Appreciates Significantly Against Dollar Black Market - Nigeria","description":"The Nigerian currency, the naira, recorded a sharp appreciation against the United States dollar at the parallel market ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market","og_locale":"en_US","og_type":"article","og_title":"Naira Appreciates Significantly Against Dollar Black Market","og_description":"The Nigerian currency, the naira, recorded a sharp appreciation against the United States dollar at the parallel market ...","og_url":"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market","og_site_name":"Nigeria","article_published_time":"2026-02-21T13:37:25+00:00","article_modified_time":"2026-02-21T14:42:55+00:00","og_image":[{"width":1024,"height":576,"url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/02\/sm_1771684945.817281.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Naira Appreciates Significantly Against Dollar Black Market","datePublished":"2026-02-21T13:37:25+00:00","dateModified":"2026-02-21T14:42:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market"},"wordCount":247,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/02\/sm_1771684945.817281.jpg","keywords":["Nigeria"],"articleSection":["all news","Policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market","url":"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market","name":"Naira Appreciates Significantly Against Dollar Black Market - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/02\/sm_1771684945.817281.jpg","datePublished":"2026-02-21T13:37:25+00:00","dateModified":"2026-02-21T14:42:55+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The Nigerian currency, the naira, recorded a sharp appreciation against the United States dollar at the parallel market ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/02\/sm_1771684945.817281.jpg","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/02\/sm_1771684945.817281.jpg","width":1024,"height":576,"caption":"Naira Appreciates Significantly Against Dollar Black Market"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-appreciates-significantly-against-dollar-black-market#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"Naira Appreciates Significantly Against Dollar Black Market"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","url":"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/195680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=195680"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/195680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/195679"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=195680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=195680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=195680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}