LAGOS , Naira don dey trade small-weaker for both official and parallel markets, as Daily Nigerian Foreign Exchange Market (NFEM/NAFEM) fix around ₦1,437 per US dollar, while dealers for Lagos parallel-market dey quote dollar near ₦1,455–₦1,465.

The official NFEM rate , wey be the Central Bank of Nigeria’s volume-weighted benchmark wey dem dey use for large-ticket and corporate flows , show say e dey around ₦1,437 to the dollar. Meanwhile, for street and parallel-market sellers wey dey Lagos and other commercial places, dem dey sell dollar for about ₦1,455, with some shops and data services dey report say some trades don reach ₦1,465 sometimes.

The gap wey dey between the official NFEM fixing and the parallel-market quotes don dey persist, wey leave premium of roughly ₦18–₦28 per dollar depending on the source and the time wey e happen. This difference na sign say demand pressure dey plenty for cash markets wey no get formal windows.

Market people talk say limited foreign exchange supply for small cash needs, plus steady demand from importers and retail buyers, don dey keep pressure for street rates, even as institutional windows still dey relatively firmer. Analysts and market data providers don notice say liquidity dey mix across trading places, with the formal NAFEM/I&E windows dey handle larger corporate flows while the parallel market still dey set cash prices for everyday buyers.

For consumers and businesses, this situation dey bring different challenges. People wey need physical dollars for travel or school fees go need expect to pay parallel-market rates (around ₦1,455–₦1,465) where banks no fit supply cash. On the other hand, corporates and importers wey fit access the NAFEM/I&E windows go generally transact close to the official fixing (about ₦1,437), subject to bank access and documentation wey dem need.

As the foreign exchange landscape dey change, stakeholders dey urged to stay informed about market trends and fluctuations wey fit affect their financial decisions.