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Nigeria's naira gains officially but weakens on the black market

The Nigerian naira strengthened in official trading while losing ground on the black market. The divergence indicates continued foreign-exchange market pressure.

By DoomRadar · Published on DoomRadar .

Why it matters

Exchange-rate instability can raise import costs and worsen inflationary pressure in Nigeria.

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  1. Naira gains officially, loses ground on black market ↗thesun.ng · Recorded source date: Sep 8, 2026, 2:02 AM UTC

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