‎The naira remained steady in opposition to the US greenback within the parallel market on Monday.

‎A supply on the Abuja black market informed Financial Confidential that as of Could 26, the naira traded at ₦1,610/$1 for getting and ₦1,617/$1 for promoting—unchanged from Friday’s closing fee of ₦1,617/$1.

‎On the official overseas change market, nevertheless, the naira depreciated to ₦1,601/$1 on Monday, in comparison with ₦1,583.50/$1 final Friday—marking a ₦18.32 drop inside two days, based on historic change fee knowledge.

‎The persistent hole between the official and parallel market charges underscores continued stress on the overseas change market, pushed by restricted greenback provide and speculative demand.