![Naira Now Exchanging at N1,500/$ in Parallel Market 7 naira now exchanging at n1500 in parallel market](https://i0.wp.com/primetweets.com/wp-content/uploads/2024/01/naira-now-exchanging-at-n1500-in-parallel-market.jpg?resize=480%2C300&ssl=1)
At the parallel market, the Nigerian naira is currently exchanging N1506/$.
This is after it had previously sold at N1,410/$.
However, at the official market, the Naira exchanged at N1,349 from the N891.90/$ it traded the previous day. The window also saw an intra-high of N1,410.
This was recorded amid the release of $500 million by the Central Bank of Nigeria (CBN) to various sectors to address the backlog of verified foreign exchange (forex) transactions.