Will the parallel-market dollar rate move above ₦1,400 before September 30?

Outcome: YES

How this forecast is settled

Will the parallel-market dollar rate cross ₦1,400 before September 30?

Resolution

Yes, the parallel-market dollar rate did cross ₦1,400 before September 30, 2026. While the Nigerian naira experienced relative stability throughout the month of September, closing the third quarter on September 30 at around ₦1,370 to ₦1,385 per dollar, it did briefly trade above the ₦1,400 mark earlier in the month. For instance, on September 4, 2026, black market operators quoted the selling price exactly at ₦1,400, and in the preceding weeks of August, the rate sat higher between ₦1,410 and ₦1,425

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